Xanadu Mines Ltd (AU:XAM) has released an update.
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Xanadu Mines Ltd has expanded its latest share placement to $7.5 million, an increase of $2 million, by issuing 36.5 million new shares at $0.055 each. This includes a significant investment from Zijin Mining Group, maintaining its 19.42% stake in Xanadu. The funds will support Xanadu’s ongoing and new mining projects, including exploration and working capital needs.
For further insights into AU:XAM stock, check out TipRanks’ Stock Analysis page.