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Xanadu Mines Ltd ( (AU:XAM) ) just unveiled an announcement.
Xanadu Mines Ltd has announced its decision to voluntarily delist its shares from the Toronto Stock Exchange due to the impending compulsory acquisition by Bastion Mining Pte. Ltd. This acquisition represents a near-term liquidity event, with all conditions met and minimal risk of non-completion. The delisting will occur at the close of trading on August 1, 2025, and does not require securityholder approval. This move is expected to streamline Xanadu’s operations and potentially impact its market positioning.
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 project, in partnership with Zijin Mining Group.
Average Trading Volume: 7,902,263
Technical Sentiment Signal: Buy
Current Market Cap: A$182.2M
For a thorough assessment of XAM stock, go to TipRanks’ Stock Analysis page.