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The latest announcement is out from Xanadu Mines Ltd ( (AU:XAM) ).
Xanadu Mines Ltd has issued 92,184,000 fully paid ordinary shares following the exercise of zero-exercise price options by directors and employees, triggered by a recent Change of Control event. This strategic move, executed without disclosure under Part 6D.2 of the Corporations Act, aligns with the company’s compliance with relevant legal provisions and positions it to leverage exemptions under the TSX Company Manual, potentially impacting its market operations and shareholder value.
More about Xanadu Mines Ltd
Xanadu Mines Ltd is a company operating in the mining industry, focusing on exploration and development of mineral resources. The company has operations in Australia and Mongolia, and its primary products include mineral resources extracted from these regions.
Average Trading Volume: 3,370,077
Technical Sentiment Signal: Sell
Current Market Cap: A$151.1M
For an in-depth examination of XAM stock, go to TipRanks’ Stock Analysis page.
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