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Bastion Acquires Over 90% of Xanadu Mines and Moves to Compulsory Acquisition

Reuters2025-07-30

Bastion Acquires Over 90% of <a href="https://laohu8.com/S/XAM.AU">Xanadu Mines</a> and Moves to Compulsory Acquisition

Xanadu Mines Ltd. has announced an update regarding its transaction with Bastion. As of the latest announcement, Bastion has acquired a relevant interest exceeding 90% of Xanadu shares and has issued a Notice of Compulsory Acquisition for the remaining shares outstanding. This development follows Xanadu's entry into a Bid Implementation Agreement with Bastion on 19 May 2025, recommending an off-market takeover bid to acquire all fully paid, ordinary shares in Xanadu at a price of A$0.08 cash per share. The offer represented a significant premium over Xanadu's recent share price.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xanadu Mines Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9502876-en) on July 30, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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As of the latest announcement, Bastion has acquired a relevant interest exceeding 90% of Xanadu shares and has issued a Notice of Compulsory Acquisition for the remaining shares outstanding. This development follows Xanadu's entry into a Bid Implementation Agreement with Bastion on 19 May 2025, recommending an off-market takeover bid to acquire all fully paid, ordinary shares in Xanadu at a price of A$0.08 cash per share. The offer represented a significant premium over Xanadu's recent share price.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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As of the latest announcement, Bastion has acquired a relevant interest exceeding 90% of Xanadu shares and has issued a Notice of Compulsory Acquisition for the remaining shares outstanding. This development follows Xanadu's entry into a Bid Implementation Agreement with Bastion on 19 May 2025, recommending an off-market takeover bid to acquire all fully paid, ordinary shares in Xanadu at a price of A$0.08 cash per share. The offer represented a significant premium over Xanadu's recent share price.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xanadu Mines Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. 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