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Xanadu Mines Ltd ( (AU:XAM) ) has shared an update.
Xanadu Mines Limited has announced a change in the interests of its substantial holder, Mr. Ganbayar Lkhagvasuren, with an increase in voting power from 70.29% to 73.59%. This change results from the acquisition of shares through the acceptance of a takeover offer made by Bastion Mining Pte. Ltd. The acquisition signifies a strategic consolidation of control within the company, potentially impacting its governance and operational decisions.
More about Xanadu Mines Ltd
YTD Price Performance: 61.22%
Average Trading Volume: 8,801,497
Technical Sentiment Signal: Buy
Current Market Cap: A$182.2M
For a thorough assessment of XAM stock, go to TipRanks’ Stock Analysis page.