TORONTO, July 31, 2025 (GLOBE NEWSWIRE) — Xanadu Mines Ltd (ASX:XAM, TSX:XAM) ACN 114 249 026 (Xanadu or the Company) refers to its previous announcement released on 29 July 2025 (Announcement) regarding the Compulsory Acquisition Notice provided by Bastion Mining Pte. Ltd. UEN 202512367N (Bastion) on 25 July 2025, pursuant to which Bastion will exercise its right to compulsorily acquire the remaining Xanadu Shares under the Corporations Act 2001 (Cth) (Compulsory Acquisition).
Further to the Announcement, Xanadu provides the following update in relation to its listing on the Toronto Stock Exchange (TSX).
As a result of the pending Compulsory Acquisition, Xanadu has applied to voluntarily delist the Xanadu Shares from the Toronto Stock Exchange (TSX). The Compulsory Acquisition qualifies as a near-term liquidity event for which all material conditions have been satisfied, and the likelihood of non-completion…
