Australia’s Predictive Discovery (ASX: PDI) and Canada’s Robex Resources (CVE: RBX)(ASX: RXR) have agreed to merge in an all-share deal worth A$2.35 billion ($1.55 billion), creating a new mid-tier gold producer in Guinea.
Robex shareholders will receive 8.67 Predictive shares for each Robex share, giving them about 51% ownership of the combined company. The merger, announced jointly by the West Africa-focused developers, combines two of the region’s most advanced gold projects.
“By combining two of West Africa’s largest and most advanced gold development projects and leveraging the proven track record of both management teams in Africa, we are creating a company that positions Guinea to become one of Africa’s top five gold producers,” Predictive chief executive officer Andrew Pardey said.
Robex CEO Matthew Wilcox will lead the merged company, while Pardey will serve as…
