Xanadu Mines Ltd (ASX Code: XAM) Discover beneath part 708A(5)(e) of the Companies Act 2001 (Cth)

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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) beneath 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 strange shares at a value of
$0.055 per share, to a spread of refined traders beneath an Fairness Placement led by Bell Potter Securities Restricted (New Shares).

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Xanadu Mines advises that:

(a) the New Shares will likely be supplied with out disclosure beneath Half 6D.2 of the Act;

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(b) this discover is being given beneath 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 any excluded info 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 Guide in respect of the Placement as an Eligible Interlisted Issuer.

This Announcement was authorised for launch by the Xanadu’s Board of Administrators.

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