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Xanadu Mines Ltd ( (AU:XAM) ) has issued an update.
Xanadu Mines Ltd has announced that Mr. Ganbayar Lkhagvasuren has become a substantial holder in the company as of May 26, 2025. This development gives Mr. Lkhagvasuren a 14.45% voting power in Xanadu Mines, with a total of 331,057,962 shares. The acquisition was made through various interests, including direct holdings and associations with entities like Bastion Mining Pte. Ltd. and Boroo Pte. Ltd., among others. The implications of this move could potentially influence the company’s strategic decisions and shareholder dynamics.
More about Xanadu Mines Ltd
Average Trading Volume: 5,430,613
Technical Sentiment Signal: Buy
Current Market Cap: A$162.4M
For detailed information about XAM stock, go to TipRanks’ Stock Analysis page.
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