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Why Bastion Mining’s $0.08 Cash Offer Could Reshape Xanadu Mines

1:35am on Monday 2nd of June, 2025 AEST Mining
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Why Bastion Mining’s $0.08 Cash Offer Could Reshape Xanadu Mines

1:35am on Monday 2nd of June, 2025 AEST
Key Points
  • Recommended $0.08 cash per share offer by Bastion Mining
  • Unanimous support from Xanadu's independent directors
  • Largest independent shareholder CAAF intends to accept
  • Offer subject to minimum 50.1% acceptance and no material adverse changes
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