Predictive Discovery (ASX:PDI) finalised its merger with Robex Resources, effective April 15.
The transaction, executed via a statutory plan of arrangement, establishes a formidable gold production and development entity aiming for a production profile exceeding 400,000 ounces per annum by 2029.
Under the terms of the acquisition, PDI—operating through its Canadian subsidiary, 9548-5991 Québec—has acquired all outstanding common shares of Robex.
Former shareholders and Chess Depositary Interest holders of Robex are entitled to receive 7.862 PDI ordinary shares for every single Robex share or CDI previously held.
Having secured approval from the Toronto Stock Exchange, PDI shares are scheduled to commence trading in Canada on April 20, followed by the commencement of new share trading on the Australian Securities Exchange (ASX) on April 22.
Robex shares are expected to be delisted from the TSX Venture Exchange and the ASX by April 17.
To facilitate the transition, former registered Robex shareholders must submit a completed letter of transmittal and relevant documentation to Computershare Investor Services.
The consolidated group will now focus on its core West African assets, including the Bankan and Kiniero projects, as it moves towards becoming a leading mid-tier gold producer.