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FINWIRES

Predictive Discovery to Make $10 Million Investment in West African-Focused Exploration Firm

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Predictive Discovery (ASX:PDI) is set to make a $10 million investment in West African-focused exploration firm Awalé Resources for a strategic shareholding of about 12.3%, according to a Wednesday filing with the Australian bourse.

The company agreed to subscribe for 16.6 million common shares of Awalé at CA$0.85 apiece for a total investment of roughly CA$14.2 million, or around $10 million, the filing said.

The strategic investment is expected to close later this month, subject to the satisfaction of certain conditions, per the filing.

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