TORONTO, April 15, 2025 (GLOBE NEWSWIRE) -- (ASX: XAM, TSX: XAM) (Xanadu or the Company) advises that as required by ASX Listing Rule 3.13.2 and Section 251AA of the Corporations Act 2001 (Cth), the results of Xanadu Mines Ltd's Extraordinary General Meeting held 11 April 2025, are set out in the attached report and includes a summary of the poll voting results and votes by proxies on the item of business considered at the General Meeting.

In accordance with Listing Rule 3.13.2(f) Xanadu advises that Resolution 1 in the Notice of Meeting, being an approval sought under Listing Rule 10.1 to exercise a 25% Put Option in respect of Khuiten Metals Pte Ltd, was not put to the meeting. The reasons for not putting the resolution were released to the market on 7 April 2025 in an announcement entitled Update on Extraordinary General Meeting -- Extension of Zijin Put Option and Exclusivity Arrangements.

For further information, please contact:

 
Colin Moorhead                           Spencer Cole 
 Executive Chairman & Managing Director   Chief Financial Officer 
 P: +61 2 8280 7497                       P: +61 2 8280 7497 
 E: colin.moorhead@xanadumines.com        E: spencer.cole@xanadumines.com 
 W: www.xanadumines.com 
 

About Xanadu Mines Ltd:

Xanadu is an ASX and TSX listed Exploration company operating in Mongolia. We give investors exposure to globally significant, large-scale copper-gold discoveries and low-cost inventory growth. Xanadu maintains a portfolio of exploration projects and remains one of the few junior explorers on the ASX or TSX who jointly control a globally significant copper-gold deposit in our flagship Kharmagtai project.

For information on Xanadu visit: www.xanadumines.com.

This Announcement was authorised for release by the Executive Chairman.

AUSTRALIA

c/o Company Matters Pty Limited Level 12, 680 George Street

Sydney NSW 2000

T: +612 8280 7497

MONGOLIA

Suite 23, Building 9B

Olympic St, Sukhbaatar District Ulaanbaatar, Mongolia

T: +967 7012 0211

Xanadu Mines Ltd ACN 114 249 026

www.xanadumines.com

Xanadu Mines Ltd

Extraordinary General Meeting

Friday 11 April 2025

Results of Meeting

The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2.

 
                                Instructions given to validly appointed proxies         Number of votes cast on the poll     Resolution 
    Resolution details                         (as at proxy close)                              (where applicable)             Result 
--------------------------  --------------------------------------------------------  -------------------------------------  ---------- 
                                                                                                                             Carried / 
               Resolution                                    Proxy's                                                            Not 
 Resolution        Type          For            Against     Discretion     Abstain        For           Against   Abstain*    Carried 
-------------  -----------  -------------  --------------  ------------  -----------  -----------  ------------  ----------  ---------- 
1 Approval to 
exercise 25% 
Put Option in 
respect of 
Khuiten 
Metals Pte 
Ltd             Ordinary                                        Resolution was withdrawn 
-------------  -----------  -----------------------------------------------------------------------------------------------  ---------- 
2 
 Ratification 
 of prior 
 issue of 
 110,000,004                 771,389,512      30,191,269     1,528,882                 862,556,394    30,191,269 
 shares         Ordinary        96.05%           3.76%          0.19%      56,279,947       96.62%         3.38%  56,279,947     Carried 
-------------  -----------  -------------   --------------   ----------   -----------  -----------  ------------  ----------  ---------- 
 

* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.

Resolution(s) proposed but not put to the meeting

 
Resolution  Reason(s) for not putting the resolution to the meeting 
----------  ------------------------------------------------------- 
    1         Resolution 1 was withdrawn as per the announcement 
               to the ASX on 7 April 2025 
----------  -------------------------------------------- 

(MORE TO FOLLOW) Dow Jones Newswires

April 15, 2025 07:00 ET (11:00 GMT)