Xanadu Mines Ltd. Announces Support for Bastion's Attractive Offer, Recommends Shareholders to Accept
Xanadu Mines Ltd. has announced a takeover offer from Bastion, which is aligned with its strategy to generate returns for shareholders and provide a liquidity event. The offer recognizes Xanadu's inherent value and achievements in progressing the Kharmagtai Copper-Gold Project. The proposed acquisition comes with a significant premium for Xanadu shareholders. Bastion is supported by Boroo, indicating strong backing for the offer. Key dates in the process include the opening of the offer period on T+9 days, following the announcement on May 19, 2025. The offer period is scheduled to close on T+44 days, unless extended by Bastion.
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: GNW9453909-en) on May 19, 2025, and is solely responsible for the information contained therein.
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