Brief: Xanadu Mines Signs Investment Deal With Zijin
21/12/2022 12:11
Dec 21 (Reuters) - Xanadu Mines Ltd XAM.AX :
* INVESTMENT DEAL SIGNED WITH ZIJIN; PATHWAY TO KHARMAGTAI
PRODUCTION
* XANADU MINES LTD - EXECUTION OF FORMAL DOCUMENTATION FOR
PHASES
2 AND 3 OF TRANSACTION WITH ZIJIN MINING GROUP CO., LIMITED
* XANADU MINES LTD - DEAL ENTAILS ZIJIN SUBSCRIBING FOR
ADDITIONAL
SHARES IN XANADU TO INCREASE ITS CORPORATE SHAREHOLDING TO
19.99%
* XANADU MINES LTD - DEAL ENTAILS FORMATION OF 50:50
KHARMAGTAI
JOINT VENTURE THROUGH XANADU'S 100% OWNED SUBSIDIARY KHUITEN
METALS PTE. LTD.
Source text for Eikon: ID:nGNX7cj0yZ
Further company coverage: XAM.AX
((Reuters.Briefs@thomsonreuters.com;))
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