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Robex Resources Inc. (ASX:RXR)

ALERT: Price-sensitive ASX Announcement for RXR
Current share price for RXR : $7.230 0.46 (6.79%)+
Announcement
Release
8 Apr 2026 8:21AM
Price at Release
$6.770
Full Release
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Summary
Predictive Discovery Limited and Robex Resources Inc. have announced that their merger has been declared unconditional, with implementation expected around 15 April 2026. The merger will result in Robex shareholders receiving PDI shares in a move to create a major West African gold company targeting significant gold production. The merger is set to enhance financial capacity and has received approval from relevant authorities, positioning the combined entity for substantial growth and development in the mining sector. The transaction also includes listing PDI on the Toronto Stock Exchange.
Key Points
  • Merger between Predictive Discovery Limited (PDI) and Robex Resources Inc. (Robex) declared unconditional.
  • The merger is expected to be implemented on or around 15 April 2026.
  • Robex shareholders to receive 7.862 PDI shares for each Robex share or Robex CHESS Depositary Interest.
  • The merger aims to create a leading West African gold company with a target production of more than 400,000 ounces of gold per annum by 2029.
  • PDI has been conditionally approved for listing on the Toronto Stock Exchange under the ticker symbol 'PDI'.
  • The merger is implemented by a statutory plan of arrangement under the Business Corporations Act (Québec).
  • The transaction has received in-principle approval from the Minister of Mines and Geology in Guinea.
  • The Board of the combined company will feature members from both PDI and Robex, including Andrew Pardey as Non-Executive Chairman and Matthew Wilcox as CEO and Managing Director.
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.