Xanadu Mines Ltd. Results of Extraordinary General Meeting
Xanadu Mines Ltd. (ASX: XAM, TSX: XAM) (Xanadu or the Company) advises that as required by ASX Listing Rule 3.13.2 and Section 251AA of the Corporations Act 2001 (Cth), the results of Xanadu Mines Ltd.'s Extraordinary General Meeting held 11 April 2025, are set out in the attached report and includes a summary of the poll voting results and votes by proxies on the item of business considered at the General Meeting. In accordance with Listing Rule 3.13.2(f) Xanadu advises that Resolution 1 in the Notice of Meeting, being an approval sought under Listing Rule 10.1 to exercise a 25% Put Option in respect of Khuiten Metals Pte Ltd, was not put to the meeting. The reasons for not putting the resolution were released to the market on 7 April 2025 in an announcement entitled Update on Extraordinary General Meeting - Extension of Zijin Put Option and Exclusivity Arrangements.
For further information, please contact:
| Colin Moorhead Executive Chairman & Managing Director P: +61 2 8280 7497 E: colin.moorhead@xanadumines.com W: www.xanadumines.com | Spencer Cole Chief Financial Officer P: +61 2 8280 7497 E: spencer.cole@xanadumines.com |
About Xanadu Mines Ltd:
Xanadu is an ASX and TSX listed Exploration company operating in Mongolia. We give investors exposure to globally significant, large-scale copper-gold discoveries and low-cost inventory growth. Xanadu maintains a portfolio of exploration projects and remains one of the few junior explorers on the ASX or TSX who jointly control a globally significant copper-gold deposit in our flagship Kharmagtai project.
For information on Xanadu visit: www.xanadumines.com.
This Announcement was authorised for release by the Executive Chairman.
AUSTRALIA
c/o Company Matters Pty Limited Level 12, 680 George Street
Sydney NSW 2000
T: +612 8280 7497
MONGOLIA
Suite 23, Building 9B
Olympic St, Sukhbaatar District Ulaanbaatar, Mongolia
T: +967 7012 0211
Xanadu Mines Ltd ACN 114 249 026
www.xanadumines.com
Xanadu Mines Ltd
Extraordinary General Meeting
Friday 11 April 2025
Results of Meeting
The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2.
| Resolution details | Instructions given to validly appointed proxies (as at proxy close) | Number of votes cast on the poll (where applicable) | Resolution Result | |||||||||||
| Resolution | Resolution Type | For | Against | Proxy's Discretion | Abstain | For | Against | Abstain* | Carried / Not Carried | |||||
| 1 Approval to exercise 25% Put Option in respect of Khuiten Metals Pte Ltd | Ordinary | Resolution was withdrawn | ||||||||||||
| 2 Ratification of prior issue of 110,000,004 shares | Ordinary | 771,389,512 96.05% | 30,191,269 3.76% | 1,528,882 0.19% | 56,279,947 | 862,556,394 96.62% | 30,191,269 3.38% | 56,279,947 | Carried | |||||
* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.
Resolution(s) proposed but not put to the meeting
| Resolution | Reason(s) for not putting the resolution to the meeting |
| 1 | Resolution 1 was withdrawn as per the announcement to the ASX on 7 April 2025 |
