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Xanadu Mines Director’s Interest Increases Through Bastion Acquisition

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Xanadu Mines Director’s Interest Increases Through Bastion Acquisition

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Xanadu Mines Ltd ( (AU:XAM) ) just unveiled an announcement.

Xanadu Mines Ltd announced a change in the director’s interest, specifically involving Ganbayar Lkhagvasuren. The director’s indirect interest increased as Bastion Mining Pte Ltd, in which Lkhagvasuren holds a 25% share, acquired 49,588,615 fully paid ordinary shares through an off-market takeover offer. This change reflects a strategic move in the company’s shareholding structure, potentially impacting its market positioning and stakeholder interests.

More about Xanadu Mines Ltd

Average Trading Volume: 7,686,678

Technical Sentiment Signal: Buy

Current Market Cap: A$183.3M

See more data about XAM stock on TipRanks’ Stock Analysis page.

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