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Bastion Mining Increases Stake in Xanadu Mines

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Bastion Mining Increases Stake in Xanadu Mines

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Xanadu Mines Ltd ( (AU:XAM) ) has issued an update.

Xanadu Mines Limited has seen a change in the substantial holding of its shares, with Bastion Mining Pte. Ltd. increasing its stake from 32.88% to 34.07%. This change results from Bastion’s takeover offer, which has led to the acquisition of additional shares. The increase in Bastion’s voting power could potentially impact Xanadu’s future strategic decisions and influence its market positioning.

More about Xanadu Mines Ltd

Average Trading Volume: 7,315,463

Technical Sentiment Signal: Buy

Current Market Cap: A$181M

For detailed information about XAM stock, go to TipRanks’ Stock Analysis page.

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