PDI & Robex Merger Completed
| Stock | Predictive Discovery Ltd (PDI.ASX) |
|---|---|
| Release Time | 17 Apr 2026, 8:34 a.m. |
| Price Sensitive | Yes |
PDI & Robex Merger Completed
- Successful completion of merger between Predictive Discovery Limited (PDI) and Robex Resources Inc. (Robex)
- Creation of leading West African gold production and development company
- Targeting production of more than 400,000 ounces of gold per annum by 2029
Predictive Discovery Limited (ASX: PDI) and Robex Resources Inc. (ASX: RXR, TSXV: RBX) have announced the successful completion of the merger between the companies, creating a leading West African gold production and development company. The merged entity is targeting production of more than 400,000 ounces of gold per annum by 2029. Effective as of 15 April 2026, PDI, through its wholly owned subsidiary, acquired all the issued and outstanding common shares of Robex. Former holders of Robex Shares and Robex Chess Depositary Interests are entitled to receive 7.862 ordinary shares in the capital of PDI for each Robex Share or Robex CDI held. On completion of the transaction, PDI became a reporting issuer in each of the Provinces and Territories of Canada, with PDI Shares expected to commence trading on the Toronto Stock Exchange on 20 April 2026 and on the Australian Securities Exchange on 22 April 2026. Robex has applied to delist the Robex Shares from the TSX Venture Exchange and Robex CDIs from the ASX.
The combined company is targeting production of more than 400,000 ounces of gold per annum by 2029, based on the Bankan Project's estimated production of 272,000 ounces of gold per annum and the Kiniero Project's estimated production of 155,000 ounces of gold per annum.