Material Update on Off-Market Takeover by Bastion Mining

TORONTO, Canada, June 17, 2025 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) today provides an important update in relation to the off-market takeover offer by Bastion Mining Pte. Ltd. UEN 202512367N (Bastion) to acquire all the fully paid, ordinary shares in Xanadu (Offer)1,2,3. The Takeover Board Committee of Xanadu (Takeover Board Committee) notes that Zijin Mining Group (Zijin), the Company’s largest shareholder4 and joint venture partner has accepted the Bastion Offe ...