Predictive Discovery and Robex sign a final fusion agreement

The Australian Minera Predictive Discovery (PDI) has signed a definitive agreement to acquire all the actions issued and in circulation of the Canadian Rais Resources.

The agreement will be executed by means of a legal agreement and PDI plan will complete the acquisition indirectly.

This agreement of 2,350 million Australian dollars (1,550 million dollars) will create a medium -level gold producer in Western Africa.

As part of the agreement, Rabex’s shareholders will be entitled to 8,667 predictive discovery shares for each Rabex action they possess.

Once the transaction is finished, the structure owned by the fuse entity will be composed of approximately 51% by current Shareholders of Predictive Discovery and in 49% by Rabex shareholders.

The merged company will continue to quote in the Australian Stock Exchange and also request the price of ordinary PDI shares in the TSX Venture Exchange.

The production of the fused company is expected to exceed 400,000 gold per year by 2029.

The company will have combined mineral resources of approximately 9.5 million ounces (Moz), including mineral reserves of around 4.5 Moz, with potential for greater exploration.

The transaction is expected to stimulate economic growth in Guinea, reinforce local workforce and improve infrastructure and essential services.

The Bankan Project of Predicive Discovery will see its risk-free development financing through the use of cash flows of the Kiniero de Rabex project, along with the continuous exercise of the Rabex In-The-Money guarantees and options.

Bankan and Kiniero projects in Guinea are within a radius of 30 kilometers.

The larger scale, the diversified portfolio of multiple assets and the double planned contribution is expected to raise the profile of the capital markets of the combined company, positioning it for a possible requalification of the price of the shares, the companies declared.

Matthew Wilcox, CEO and General Director of ROBEX, said: “This combination marks a transformative step for both companies, creating a platform with the scale, assets and the ability to offer long -term value.”

Andrew Pardey, Executive Director and General Director of PDI, said: “By combining two of the largest and most advanced gold development projects in Western Africa and taking advantage of the proven history of both management teams in Africa, we are creating a company that positions Guinea to become one of the five main gold producers in Africa.”

The combined leadership team will be led by Pardey as non -executive president and Wilcox as executive director and general director.

In February, Predictive Discovery said commitments to raise around 69.2 million Australian dollars through a strategic private placement of the Lundin family and its associates, and Zijin Mining Group of China.