Robex shareholders approve $1.45B merger with Predictive Discovery
Predictive Discovery drilling off the Bankan project, in Guinea.
(Image courtesy of Predictive Discovery.)
Shareholders of Canada’s Robex Resources approved a A$2.17 billion ($1.45 billion) merger with Australian minerals explorer Predictive Discovery, Predictive said on Wednesday.
About 94.54% of votes cast backed the deal. Under the terms, Robex shareholders will receive 7.862 fully paid ordinary shares in Predictive for each Robex share.
($1 = 1.4937 Australian dollars)
(By Sneha Kumar; Editing by Tasim Zahid)
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