middle.news
Bastion Mining Takes Control of Xanadu with 90% Share Acquisition
9:36am on Tuesday 29th of July, 2025 AEST
•
Mining
Read Story
Bastion Mining Takes Control of Xanadu with 90% Share Acquisition
9:36am on Tuesday 29th of July, 2025 AEST
Key Points
Bastion Mining’s takeover offer valued at A$0.08 per share, a 57% premium
Over 90% of Xanadu shares acquired, compulsory acquisition notice issued
Bastion raised A$17.2 million via share subscription for interim funding
Zijin Mining’s exclusivity period expired without transaction; board nominee resigned
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
XAM
OPEN ARTICLE