Xanadu Mines Ltd. is pleased to announce the Company has received commitments for a placement to eligible professional and sophisticated investors of 78,181,818 fully-paid ordinary shares in Xanadu at an issue price of $0.055 each to raise A$4,299,999.99 . The Placement will complete in two tranches. The first tranche, being the issue of 62,996,490 New Shares, is unconditional and will be issued pursuant to the Company's
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