Core Points - Robex Resources Inc. has entered into an Amending Agreement with Predictive Discovery Limited and 9548-5991 Québec Inc. to amend the previously announced arrangement agreement for the acquisition of Robex Shares [2][4] - Under the Amended Agreement, Robex Shareholders will receive 7.862 Predictive Shares for each Robex Share, resulting in a post-transaction ownership of approximately 46.5% for former Robex Shareholders in the combined company [3][6] - The merger aims to create one of West Africa's leading gold producers, combining two significant projects with projected production exceeding 400,000 ounces annually by 2029 and combined resources of approximately 9.5 million ounces of gold [13][25] Amended Arrangement Agreement - The Amended Agreement was reached following a competing superior proposal received by Predictive, which was subsequently deemed not superior under the terms of the original Arrangement Agreement [4] - The transaction is expected to be accretive to shareholders, providing exposure to high-quality assets and potential index inclusion [6][13] - The deadline for Robex Shareholders to vote has been revised to December 29, 2025, with no further action required for those who have already voted [11][14] Shareholder Support - Major shareholders representing approximately 23.8% of outstanding Robex Shares have entered into amended voting agreements in support of the transaction [6][10] - The Robex Board has unanimously recommended that shareholders vote in favor of the Arrangement Resolution, supported by updated fairness opinions from financial advisors [9][8] Strategic Benefits - The merger combines two low-cost, advanced projects, Kiniero and Bankan, optimizing development and exploration efforts [13][6] - The combined company is positioned for enhanced market profile and liquidity, with potential inclusion in major indices such as ASX 200 and GDXJ [13][6] - Experienced leadership with proven expertise in the region will drive effective execution of the combined company's strategy [13][6]
Robex Announces Amendment to Arrangement Agreement With Predictive Discovery; Special Meeting Postponed to December 30, 2025
Globenewswire·2025-12-11 05:20