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An announcement from Xanadu Mines Ltd ( (AU:XAM) ) is now available.
Xanadu Mines Ltd has announced a change in the substantial holding of its shares, with Mr. Ganbayar Lkhagvasuren and associated entities increasing their voting power from 61.22% to 67.30%. This change results from the acceptance of a takeover offer made by Bastion Mining Pte. Ltd, which has acquired additional shares, although the transfer of these shares is still pending completion. This development could potentially impact Xanadu’s operational control and strategic direction, affecting stakeholders and market positioning.
More about Xanadu Mines Ltd
Xanadu Mines Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources.
Average Trading Volume: 8,782,994
Technical Sentiment Signal: Buy
Current Market Cap: A$181M
For detailed information about XAM stock, go to TipRanks’ Stock Analysis page.