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Xanadu Mines Ltd ( (AU:XAM) ) has shared an update.
Xanadu Mines Ltd has announced a change in the interests of its substantial holder, Bastion Mining Pte. Ltd. Bastion has increased its voting power from 73.59% to 78.91% through the acquisition of additional shares as part of a takeover offer. This change signifies Bastion’s strengthened control over Xanadu Mines, potentially impacting the company’s strategic direction and influencing shareholder dynamics.
More about Xanadu Mines Ltd
Average Trading Volume: 8,898,668
Technical Sentiment Signal: Buy
Current Market Cap: A$182.2M
Learn more about XAM stock on TipRanks’ Stock Analysis page.