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Xanadu Mines Substantial Holder Increases Stake Amid Takeover Offer

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Xanadu Mines Substantial Holder Increases Stake Amid Takeover Offer

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The latest update is out from Xanadu Mines Ltd ( (AU:XAM) ).

Xanadu Mines Limited has seen a change in the voting power of its substantial holder, Mr. Ganbayar Lkhagvasuren, whose interest increased from 73.59% to 78.91% of the company’s shares. This increase is due to the acceptance of a takeover offer made by Bastion Mining Pte. Ltd, which has not yet been fully executed, as the shares have not been transferred to Bastion despite the offer being declared unconditional.

More about Xanadu Mines Ltd

Average Trading Volume: 8,898,668

Technical Sentiment Signal: Buy

Current Market Cap: A$182.2M

For an in-depth examination of XAM stock, go to TipRanks’ Overview page.

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