Xanadu Mines Ltd (ASX Code: XAM) Notice under section

Xanadu Mines Ltd (ASX Code: XAM) Notice under section

 

TORONTO, March 06, 2024 (GLOBE NEWSWIRE) — This notice is given by Xanadu Mines Ltd (ACN 1144 249 026) (Xanadu Mines or the Company) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Act).

Xanadu Mines advises that on 4 March 2024, it issued 15,185,328 fully paid ordinary shares at a price of $0.055 per share, to Jinping (Singapore) Mining Pte Ltd (a wholly owned indirect subsidiary of Zijin Group Mining Co. Ltd) pursuant to a Share subscription agreement signed on 8 December 2023 (New Shares).

Xanadu Mines advises that:

(a) the New Shares were issued without disclosure under Part 6D.2 of the Act;
(b) this notice is being given under section 708A(5)(e) of the Act;
(c) as at the date of this notice, 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 at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) or 708A(8) of the Act that is required to be set out in this notice.

TSX Matters

The Company intends to rely on the exemption in section 602.1 of the TSX Company Manual in respect of the Placement as an Eligible Interlisted Issuer.

Yours faithfully

William Hundy
Company Secretary

This Announcement was authorised for release by the Xanadu’s Board of Directors.

AUSTRALIA
c/o Company Matters Pty Limited
Level 12, 680 George Street
Sydney NSW 2000 T:
+612 8280 7497
MONGOLIA
Suite 23, Building 9B
Olympic St, Sukhbaatar District
Ulaanbaatar, Mongolia
T: +967 7012 0211
Xanadu Mines Ltd ACN 114 249 026

www.xanadumines.com

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