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$10.2m Placement Positions Xanadu To Deliver Exploration Strategy At Its Flagship Kharmagtai Copper-Gold Project

    Home News $10.2m Placement Positions Xanadu To Deliver Exploration Strategy At Its Flagship Kharmagtai Copper-Gold Project
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    $10.2m Placement Positions Xanadu To Deliver Exploration Strategy At Its Flagship Kharmagtai Copper-Gold Project

    By Wendy McEvoy | News | 0 comment | 27 April, 2021 | 0

    Argonaut acted as Joint Lead Manager to a $10.2m Placement for Xanadu Mines Limited (ASX:XAM). The Offer was underpinned by strong support from a number of domestic and international institutional and sophisticated investors. Concurrently with the Placement, the JLMs facilitated a $1.4m sell down for a certain shareholder.

    The Company is now well positioned to deliver its Kharmagtai exploration strategy, targeting resource growth and further definition of high-grade bornite-rich zones.

    Argonaut is delighted to support Xanadu and looks forward to the Company’s ongoing success.

    Additional information regarding Xanadu can be found on the Company’s website at http://www.xanadumines.com/

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