Predictive Discovery and Robex sign definitive merger agreement

Australian miner Predictive Discovery (PDI) has entered into a definitive agreement to acquire all issued and outstanding shares of Canada’s Robex Resources. The deal will be executed through a statutory plan of arrangement, with PDI completing the acquisition indirectly. This all-share A$2.35bn ($1.55bn) deal will create a mid-tier gold producer in West Africa. As part of the agreement, Robex shareholders will be entitled to 8.667 shares of Predictive Discovery for every Robex share they hold. Upon fi ...