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The latest announcement is out from Xanadu Mines Ltd ( (AU:XAM) ).
Xanadu Mines Ltd has announced a change in the indirect interest of its director, Ganbayar Lkhagvasuren, in the company’s securities. Through Bastion Mining Pte Ltd, in which Lkhagvasuren holds a 25% shareholding, an additional 65,505,922 fully paid ordinary shares were acquired, increasing the total indirect holding to 2,114,042,147 shares. This acquisition was made through an off-market takeover offer, reflecting strategic moves to consolidate interests and potentially strengthen the company’s market positioning.
More about Xanadu Mines Ltd
Xanadu Mines Ltd is a company operating in the mining industry, primarily focused on the exploration and development of mineral resources. Its market focus includes the acquisition and development of mining assets to enhance its portfolio and increase shareholder value.
Average Trading Volume: 7,902,263
Technical Sentiment Signal: Buy
Current Market Cap: A$182.2M
Learn more about XAM stock on TipRanks’ Stock Analysis page.