Predictive Discovery Completes Merger With Robex Resources
Predictive Discovery (ASX:PDI) said it has completed its merger with Robex Resources, with the combined company targeting production of more than 400,000 ounces of gold per year by 2029, according to a Friday Australian bourse filing.The company said the merger became effective on April 15, with Predictive acquiring all issued and outstanding common shares of Robex through its unit 9548-5991 Quebec by way of a statutory plan of arrangement.Predictive Discovery said it issued about 2.17 billion shares as consideration to former holders of Robex shares and Robex chess depository interests, representing about AU$2.02 billion in aggregate, at AU$7.31 per share based on the closing price of AU$0.93 on April 15.The company said PDI shares issued to former Robex holders are expected to commence trading on the Toronto Stock Exchange on April 20, and on the ASX on April 22, with Robex shares delisted from the TSX Venture Exchange on or about April 17, and Robex chess depository interests delisted from the ASX on April 15.