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Xanadu Mines Ltd ( (AU:XAM) ) has provided an update.
Xanadu Mines Ltd has announced a change in the director’s interest, specifically involving Ganbayar Lkhagvasuren. Lkhagvasuren disposed of his direct holding of 44,228,329 fully paid ordinary shares at $0.08 per share, while his indirect interest through Bastion Mining Pte Ltd increased significantly by 649,303,872 shares. This change results from an off-market takeover offer by Bastion, reflecting a strategic consolidation of shares that could impact the company’s shareholder structure and influence future corporate decisions.
More about Xanadu Mines Ltd
Xanadu Mines Ltd operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction and processing of minerals, with a market focus on expanding its resource base and enhancing shareholder value.
Average Trading Volume: 8,782,994
Technical Sentiment Signal: Buy
Current Market Cap: A$181M
See more data about XAM stock on TipRanks’ Stock Analysis page.