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Xanadu Mines Ltd ( (AU:XAM) ) just unveiled an announcement.
Xanadu Mines Ltd has announced a change in the director’s interest notice, specifically regarding Ganbayar Lkhagvasuren’s indirect interest in the company. Through Bastion Mining Pte Ltd, in which Lkhagvasuren holds a 25% shareholding, he indirectly acquired 405,472,574 fully paid ordinary shares in Xanadu Mines. This acquisition was made through an off-market takeover offer, increasing his total indirect holdings to over 1.8 billion shares. This change signifies a substantial increase in Lkhagvasuren’s stake, potentially impacting the company’s shareholder dynamics and strategic decisions.
More about Xanadu Mines Ltd
Average Trading Volume: 8,929,030
Technical Sentiment Signal: Buy
Current Market Cap: A$182.2M
For a thorough assessment of XAM stock, go to TipRanks’ Stock Analysis page.