XAM News: Zijin Mining Agrees To Invest In Xanadu Mines, Kharmagtai Project - 20th Apr 2022, 5:47am

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Xanadu Mines Ltd (TSX: XAM) has entered a strategic partnership with Zijin Mining Group Co., Ltd (OTC: ZIJMF) to progress its flagship Kharmagtai Copper-Gold Project. As per the agreement, Zijin will invest in both the Xanadu corporate level and the Kharmagtai project level through a series of transactions commencing with the subscription of 139 million fully paid ordinary shares in Xanadu to provide Zijin with a 9.9% shareholding (phase 1). The Phase 1 Placement will be conducted at an issue pr...

>>> Read more: Zijin Mining Agrees To Invest In Xanadu Mines, Kharmagtai Project
 
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