Xanadu Mines Ltd (AU:XAM) has released an update.
Xanadu Mines Ltd has successfully completed the issuance of over 15 million shares at a price of A$0.055 each to Jinping (Singapore) Mining Pte Ltd, a subsidiary of Zijin Mining Group, following the approval from shareholders and the Foreign Investment Review Board. This strategic move bolsters the company’s partnership with Zijin, enhancing its position in large-scale copper-gold exploration projects in Mongolia.
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