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 from Robex's Kiniero Project and Predictive's Bankan Project.

The merger consolidates two of the largest, lowest cost and most advanced gold projects in the region, establishing a tier-1 mining hub in Guinea. 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.

With a strengthened management team and proven in-country expertise, the merged entity is well-equipped to deliver meaningful returns for all stakeholders. The transaction is expected to create significant value, providing the execution capability and funding strength to grow into a significant gold producer in West Africa.

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 expansion into the lucrative U.S. market, its largest and most attractive addressable opportunity.

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's extensive experience scaling companies into the U.S. federal, state and enterprise markets, as well as its deep industry relationships, will be invaluable as AVA accelerates its commercial and operational activities stateside.

This strategic investment positions AVA for its next phase of growth, allowing the company to strengthen its sales, marketing and operational capabilities in the U.S. and leverage Hale's network to expand customer penetration. The partnership also sets the stage for potential strategic collaborations and bolt-on acquisitions that could further bolster AVA's position in the critical infrastructure security market.

Vanguard ETFs Announce Estimated Distributions

Vanguard Investments Australia has released an update on the estimated distribution amounts and timetable for various Vanguard Exchange Traded Funds (ETFs). The announcement covers 15 different Vanguard ETFs, including the Australian Shares Index ETF and the MSCI Index International Shares ETF.

The estimated distribution amounts range from 23.7244 cents per unit to 133.4133 cents per unit, with the ex-distribution date set for 2 January 2026, the record date on 5 January 2026, and the payment date of 19 January 2026.

Vanguard also reminds investors that the Distribution Reinvestment Plan (DRP) is available for all the listed ETFs, and that they must ensure their correct bank details are provided to the registrar, Computershare, prior to the record date to receive prompt distribution payments. The primary market for applications and redemptions, as well as the secondary market trading of units, 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 the terms of its existing term loan facility. Under the amendment, the interest rate on the loan will increase from 4.0% per annum 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 believes the amendment provides the Group with continued capital management flexibility, as all other material terms of the loan facility remain unchanged. While the increase in interest rate may impact the Group's short-term financial performance, the extended maturity date offers more stability and the ability to better manage the Group's debt obligations going forward.