Xanadu Mines Ltd

12:15 PM EST - Xanadu Mines Ltd : Refers to the ASX/TSX Announcement dated July 10, whereby it was advised that, as disclosed in the Non-renounceable Rights Issue Offer Document, Patersons Securities Limited, who acted as Lead Manager, and the directors of Xanadu, reserved the right to place any of the remaining shortfall shares at or greater than the rights issue price of $0.052 per share (Shortfall Shares). Xanadu is pleased to advise that 24,411,099 Shortfall Shares have been placed at $0.052 per share, raising $1,269,377.15, with settlement due to occur on Tuesday, August 27. Xanadu Mines Ltd shares T.XAM are trading unchanged at $0.06.