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Bastion Mining Increases Stake in Xanadu Mines Ltd

Story Highlights
  • Bastion Mining Pte. Ltd. increased its voting power in Xanadu Mines Ltd from 61.22% to 67.30%.
  • The increase in voting power is due to Bastion’s acquisition of shares through a takeover offer.
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Bastion Mining Increases Stake in Xanadu Mines Ltd

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

Xanadu Mines Ltd has experienced a change in the interests of its substantial holder, Bastion Mining Pte. Ltd., which has increased its voting power from 61.22% to 67.30%. This change is due to Bastion’s acquisition of additional shares through a takeover offer, reflecting a strategic move to consolidate its control over Xanadu Mines Ltd.

More about Xanadu Mines Ltd

Average Trading Volume: 8,782,994

Technical Sentiment Signal: Buy

Current Market Cap: A$181M

Find detailed analytics on XAM stock on TipRanks’ Stock Analysis page.

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