InvestSMART

Predictive Discovery Ltd (ASX:PDI)

ALERT: Price-sensitive ASX Announcement for PDI
Current share price for PDI : $0.668 -0.253 (-27.45%)+
Announcement
Release
17 Apr 2026 8:34AM
Price at Release
$0.920
Full Release
download
Summary
Predictive Discovery Limited (PDI) and Robex Resources Inc. (Robex) have announced the completion of their merger, forming a leading West African gold production and development company. Effective 15 April 2026, PDI acquired all outstanding common shares of Robex through a statutory plan of arrangement. Former Robex shareholders received 7.862 PDI shares for each Robex Share or CDI. The merger aims to achieve a combined gold production target of over 400,000 ounces per annum by 2029. PDI shares will trade on the TSX starting 20 April 2026 and on the ASX from 22 April 2026, while Robex shares will be delisted from the TSXV and Robex CDIs have already been delisted from the ASX. The transaction marks significant progress in establishing a major gold entity in the region.
Key Points
  • PDI and Robex merger completed
  • PDI acquired all Robex shares through arrangement
  • 7.862 PDI shares for each Robex share/CDI
  • Targeting 400,000 ounces of gold production by 2029
  • PDI shares to list on TSX and ASX
  • Robex shares delisted from TSXV and ASX
  • Significant gold production entity established
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.