Predictive Discovery (ASX:PDI) and Robex Resources (ASX:RXR) announced that their proposed merger is moving to final implementation.
Following the satisfaction or waiver of all conditions precedent, the transaction is now unconditional, with the effective date slated for approximately April 15.
The combination aims to create a premier gold producer with a diversified portfolio of high-quality assets, specifically targeting an annual production exceeding 400,000 ounces by 2029.
Under the terms of the agreement, Robex shareholders are set to receive 7.862 PDI shares for every Robex share or CHESS depositary interest held.
Beyond the consolidation of assets, the merger provides a robust financing pathway for the tier-one Bankan Project in Guinea.
Management highlights that the resulting balance sheet strength and financing synergies will allow the project to advance without the immediate need for additional equity raises or project finance debt.
Matthew Wilcox, the CEO of Robex and incoming CEO of the combined entity, described the milestone as a "major turning point" that provides the scale and execution platform necessary for disciplined growth.
To further bolster its global market presence, PDI has received conditional approval to list on the Toronto Stock Exchange under the ticker "PDI" following the merger’s completion.