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TORONTO, Dec. 15, 2023 (GLOBE NEWSWIRE) — This discover is given by Xanadu Mines Ltd (ACN 1144 249 026) (Xanadu Mines or the Firm) below part 708A(5)(e) of the Companies Act 2001 (Cth) (Act).
Xanadu Mines advises that on 24 November 2023, it issued 62,996,490 totally paid bizarre shares at a worth of
$0.055 per share, to a spread of subtle traders below an Fairness Placement led by Bell Potter Securities Restricted (New Shares).
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Xanadu Mines advises that:
(a) the New Shares can be provided with out disclosure below Half 6D.2 of the Act;
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(b) this discover is being given below part 708A(5)(e) of the Act;
(c) as on the date of this discover, Xanadu Mines has complied with:
(1) the provisions of Chapter 2M of the Act as they apply to Xanadu Mines; and
(2) sections 674 and 674A of the Act as they apply to Xanadu Mines; and
(d) as on the date of this discover, there isn’t a excluded data of the sort referred to in sections 708A(7) or 708A(8) of the Act that’s required to be set out on this discover.
TSX
Issues
The Firm intends to depend on the exemption in part 602.1 of the TSX Firm Handbook in respect of the Placement as an Eligible Interlisted Issuer.
This Announcement was authorised for launch by the Xanadu’s Board of Administrators.
AUSTRALIA | MONGOLIA | Xanadu Mines Ltd ACN 114 249 026 | |
c/o Firm Issues Pty Restricted | Suite 23, Constructing 9B | www.xanadumines.com | |
Degree 12, 680 George Road | Olympic St, Sukhbaatar District | ||
Sydney NSW 2000 | Ulaanbaatar, Mongolia | ||
T: +612 8280 7497 | T: +967 7012 0211 |
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