Xanadu Mines Ltd. Cancels EGM Following Completion of A$17.2 Million Placement to Bastion Mining

Reuters

2025/05/26

<a href="https://laohu8.com/S/XANAF">Xanadu Mines Ltd</a>. Cancels EGM Following Completion of A$17.2 Million Placement to Bastion Mining

Xanadu Mines Ltd. has announced an update regarding its previously disclosed merger and acquisition activities. The company has entered into a Bid Implementation Agreement with Bastion Mining Pte Ltd for a recommended off-market takeover offer. In addition, Xanadu has completed a A$17.2 million placement to Bastion. As a result of these developments, Xanadu has withdrawn the Put Option Resolution, which was the sole item on the agenda for the Extraordinary General Meeting initially scheduled for 4 June 2025. Consequently, the meeting has been cancelled, as no further business is to be conducted.

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: GNW9458022-en) on May 26, 2025, and is solely responsible for the information contained therein.

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Cancels EGM Following Completion of A$17.2 Million Placement to Bastion Mining\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-26 23:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/XANAF\">Xanadu Mines Ltd</a>. Cancels EGM Following Completion of A$17.2 Million Placement to Bastion Mining\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Xanadu Mines Ltd. has announced an update regarding its previously disclosed merger and acquisition activities. The company has entered into a Bid Implementation Agreement with Bastion Mining Pte Ltd for a recommended off-market takeover offer. In addition, Xanadu has completed a A$17.2 million placement to Bastion. As a result of these developments, Xanadu has withdrawn the Put Option Resolution, which was the sole item on the agenda for the Extraordinary General Meeting initially scheduled for 4 June 2025. 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ID: GNW9458022-en) on May 26, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2210150020.SGD","symbol_name":"Natixis Thematics Subscription Economy R/A SGD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250526:nNDL7bgv7K:1","article_id":"2538104739","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2538104739","pubTimestamp":1748274007,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Xanadu Mines Ltd. has announced an update regarding its previously disclosed merger and acquisition activities. 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Cancels EGM Following Completion of A$17.2 Million Placement to Bastion Mining\n    \n\n        Xanadu Mines Ltd. has announced an update regarding its previously disclosed merger and acquisition activities. The company has entered into a Bid Implementation Agreement with Bastion Mining Pte Ltd for a recommended off-market takeover offer. In addition, Xanadu has completed a A$17.2 million placement to Bastion. As a result of these developments, Xanadu has withdrawn the Put Option Resolution, which was the sole item on the agenda for the Extraordinary General Meeting initially scheduled for 4 June 2025. Consequently, the meeting has been cancelled, as no further business is to be conducted.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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