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The latest update is out from Xanadu Mines Ltd ( (AU:XAM) ).
Xanadu Mines Ltd has announced the completion of the dispatch of its Target’s Statement in response to an off-market takeover offer by Bastion Mining Pte. Ltd. The company’s Takeover Board Committee has recommended that shareholders accept the offer, provided no superior proposal emerges and the Independent Expert deems the offer fair and reasonable. The offer is set to close on July 1, 2025, unless extended or withdrawn, and stakeholders are encouraged to review the Bidder’s and Target’s Statements thoroughly before making decisions regarding their shares.
More about Xanadu Mines Ltd
Xanadu Mines Ltd is an exploration company listed on the ASX and TSX, operating primarily in Mongolia. The company focuses on large-scale copper-gold discoveries and low-cost inventory growth, with its flagship project being the Kharmagtai copper-gold deposit, which it jointly controls with Zijin Mining Group.
Average Trading Volume: 6,193,708
Technical Sentiment Signal: Buy
Current Market Cap: A$181M
For detailed information about XAM stock, go to TipRanks’ Stock Analysis page.