Robex Resources (ASX:RXR) said its shareholders have overwhelmingly approved a proposed merger with Predictive Discovery (ASX:PDI), clearing a major hurdle toward the creation of a leading West African gold producer.
At a special meeting held on Dec. 20, 94.54% of votes cast supported the statutory plan of arrangement under which Predictive, through a wholly owned subsidiary, will acquire all outstanding Robex shares.
The transaction now awaits final approval from the Superior Court of Québec on Jan. 13, 2026, as well as regulatory and customary closing conditions, with completion expected in the first quarter of 2026.
Under amended terms announced earlier this month, Robex shareholders will receive 7.862 Predictive shares for each Robex share, giving them about 46.5% of the combined company on a fully diluted basis.
The merged group will combine Robex's Kiniero Project with Predictive's Bankan Project in Guinea, targeting annual gold production of more than 400,000 ounces by 2029 and establishing what the companies describe as a tier-one mining hub in the region.