InvestSMART

PDI Gold Limited (ASX:PDI)

ALERT: Price-sensitive ASX Announcement for PDI
Current share price for PDI : $4.650 3.985 (599.25%)+
Announcement
Release
15 Jul 2026 8:27AM
Price at Release
$0.665
Full Release
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Summary
Predictive Discovery Limited (PDI) announced a strategic investment of US$10 million in Awalé Resources Limited, securing a 12.3% shareholding. Awalé is focused on large-scale gold and gold-copper deposits in Côte d'Ivoire, specifically the Odienné Project. This project includes multiple exploration permits and a joint venture with Newmont Corporation. The investment will fund exploration and development activities in these permits. PDI's investment will be in cash, and it will not impact the funding of PDI's Bankan Gold Project in Guinea. The transaction is expected to finalize by late July 2026, pending regulatory approvals, and involves a binding subscription agreement for 16,642,352 shares at a premium price. An investor rights agreement will be established, granting PDI rights to maintain its shareholding and access information, with further rights contingent on maintaining a certain shareholding percentage.
Key Points
  • PDI makes a US$10 million investment in Awalé Resources Limited.
  • PDI will acquire approximately 12.3% of Awalé's shares.
  • Awalé focuses on gold and gold-copper deposits in Côte d'Ivoire.
  • The investment will advance exploration in the Odienné Project.
  • Transaction involves a binding subscription agreement for shares.
  • Investment funded by PDI's cash reserves.
  • Completion expected by late July 2026, subject to approvals.
  • An investor rights agreement to be established between PDI and Awalé.
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.