Daily Roundup

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Robex Shareholders Approve Merger with Predictive Discovery

Robex Resources Inc. shareholders have overwhelmingly approved the merger with Predictive Discovery Limited, creating one of West Africa's leading gold producers. The combined company is projected to produce over 400,000 ounces of gold annually by 2029, benefiting from near-term cash flow and a world-class project pipeline.

The merger consolidates two of the largest, lowest-cost and most advanced gold projects in the region - Robex's Kiniero Project and Predictive's Bankan Project. This strategic combination delivers scale, growth, and financial flexibility, with the strengthened management team ready to drive meaningful returns for all stakeholders.

The increased scale and multi-asset nature of the combined company also position it for potential inclusion in major indices like the ASX 200 and GDXJ. The proximity of the projects establishes a tier-1 mining hub in Guinea, creating valuable operational synergies.

AVA Risk Group Secures Strategic Investment from Hale Capital

AVA Risk Group has secured a strategic investment of up to A$12.6 million from Hale Capital, a U.S.-based investment firm. The funding, which includes a convertible loan note and associated warrants, will support AVA's U.S. expansion strategy - its largest and most attractive addressable market.

The convertible note and warrants are priced at an 81% premium to AVA's last closing share price, demonstrating Hale Capital's confidence in the company's growth potential. Hale brings extensive experience scaling companies into the U.S. federal, state, and enterprise markets, as well as deep relationships across critical infrastructure, telecommunications, utilities, and government-adjacent customers.

This strategic partnership positions AVA for its next phase of growth, including accelerating the deployment of its solutions across U.S. critical infrastructure, leveraging Hale's network to shorten sales cycles and expand customer penetration, and pursuing potential strategic partnerships and bolt-on acquisitions.

Vanguard ETFs Announce Updated Distribution Estimates

Vanguard Investments Australia has released an updated announcement regarding the estimated distribution amounts and distribution timetable for a range of Vanguard Exchange Traded Funds (ETFs).

The announcement covers 15 different Vanguard ETFs, providing the estimated distribution amounts per unit, which range from 23.7244 cents for the Vanguard FTSE Asia ex Japan Shares Index ETF to 133.4133 cents for the Vanguard FTSE Emerging Markets Shares ETF.

The distribution timetable outlines the ex-distribution date of 2 January 2026, the record date of 5 January 2026, and the payment date of 19 January 2026. Vanguard also notes that the Distribution Reinvestment Plan (DRP) is available for all the listed ETFs, and that the primary market for applications and redemptions, as well as secondary market trading, will remain open during the distribution period.

US Masters Residential Property Fund Amends Term Loan Facility

US Masters Residential Property Fund has agreed to amend its existing term loan facility, including an increase in the interest rate from 4.0% to 6.0% per annum, effective 1 January 2026. Additionally, an amendment fee of 0.125% will apply to the outstanding principal balance, and the maturity date of the term loan has been extended to 31 December 2026.

The Board of Directors considers that the amendment provides the Group with continued capital management flexibility, and all other material terms of the loan facility remain unchanged.