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.
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