PDI: PDI Announces Amended Arrangement Agreement with Robex

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Stock Perseus Mining Ltd (PRU.ASX)
Release Time 11 Dec 2025, 9:56 a.m.
Price Sensitive Yes
 PDI Announces Amended Arrangement Agreement with Robex
Key Points
  • Amended exchange ratio of 7.862 PDI shares for each Robex share, resulting in 53.5% and 46.5% ownership of the combined company by PDI and Robex shareholders, respectively
  • The PDI-Robex combination offers greater medium to long-term value for PDI shareholders and enhanced transaction execution certainty
  • Robex shareholders, directors and officers representing ~23.8% of the Robex shares have entered into amended voting support agreements
Full Summary

Predictive Discovery Limited (PDI) announces an amendment to the arrangement agreement with Robex Resources Inc. (Robex), whereby PDI will acquire all of the issued and outstanding common shares of Robex in exchange for 7.862 ordinary shares of PDI for each Robex share. The amended agreement will result in PDI and Robex shareholders owning approximately 53.5% and 46.5%, respectively, of the combined company on a fully diluted in-the-money basis. The Board of Directors of PDI has unanimously determined that the amended transaction with Robex is in the best interests of the Company and its shareholders, as it offers greater medium to long-term value and higher transaction execution certainty compared to the previously announced acquisition proposal by Perseus Mining Limited. Robex shareholders, directors and officers representing approximately 23.8% of the Robex shares have entered into amended voting support agreements to vote in favor of the transaction. The combined company is expected to become one of West Africa's leading gold producers, with significant cash flows from the Kiniero Project to support the development of the Bankan Project, a strengthened management team, and potential for meaningful upside through the proximity of the two projects.

Guidance

The combined company is expected to have +400kozpa Au of production by 2029, combined Mineral Resources of approximately 9.5Moz Au, and combined Ore Reserves of approximately 4.5Moz Au.