XANADU MINES LIMITED By electronic lodgement | Page 1 of 1
30 December 2014
RIGHTS ISSUE OFFER RESULTS
Xanadu Mines Ltd (Xanadu or the Company) advises that the Non-renounceable Rights Issue Offer announced on 25 November 2014 closed on 23 December 2014 (Rights Issue).
The Company is pleased to confirm that 8,590,785 new fully paid ordinary shares have been subscribed for under the Rights Issue, raising a total of $1,030,894.20 (New Shares). The New Shares will be allotted on 2 January 2015. Transaction confirmation statements will be dispatched to subscribing shareholders on 2 January 2015.
Following completion of the Rights Issue, there are 60,991,586 shortfall shares which may be issued at the discretion of the Directors in accordance with section 4 of the Rights Issue Offer Document.
The Directors thank all shareholders who participated in the Rights Issue and note that this new funding will be applied to partly repay the deferred consideration for the Kharmagtai project and advance exploration activities at the Kharmagtai and Oyut Ulaan copper-gold projects.
www.xanadumines.com
CONTACT George A. Lloyd Managing Director T: +852 6397 3308
george.lloyd@xanadumines.com
www.xanadumines.com
AUSTRALIA
c/o Company Matters Pty Limited
Level 12, 680 George Street
Sydney NSW 2000
T: +612 8280 7497
MONGOLIA
2nd Khoroo, Military Town
AOS Street, Bayanzurkh District
Ulaanbaatar, Mongolia
T: +967 5011 0211
ASX
XAM
Xanadu Mines Ltd (ASX: XAM) is an exploration company that has assembled a significant exploration portfolio across Mongolia's porphyry belts. These belts are part of the larger Central Asian Orogenic Belt - one of the last great exploration frontiers known to host large copper porphyry deposits - with Mongolia emerging as a globally significant copper province.|
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