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Xanadu Mines Ltd ( (AU:XAM) ) has shared an update.
Xanadu Mines Ltd has announced that Bastion Mining Pte. Ltd. now holds an 86.8% interest in Xanadu shares following its takeover offer. The Xanadu Takeover Board Committee recommends shareholders accept the offer, as failure to do so could result in delisting from ASX and TSX, affecting share liquidity and value. Remaining shareholders may face dilution if Xanadu issues new equity for funding, potentially leading to compulsory acquisition at a lower price. The offer is set to close on July 29, 2025.
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 maintains a portfolio of exploration projects, including the significant Kharmagtai copper-gold deposit, which it jointly controls with Zijin Mining Group.
Average Trading Volume: 8,574,994
Technical Sentiment Signal: Buy
Current Market Cap: A$181M
See more data about XAM stock on TipRanks’ Stock Analysis page.