06:09:58 EDT Sun 19 Apr 2026
Enter Symbol
or Name
USA
CA



Robex Resources Inc (2)
Symbol RBX
Shares Issued 276,433,803
Close 2026-04-16 C$ 6.90
Market Cap C$ 1,907,393,241
Recent Sedar+ Documents

Robex completes merger with Predictive Discovery

2026-04-17 02:04 ET - News Release

Mr. Matthew Wilcox reports

PDI & ROBEX MERGER COMPLETED

Predictive Discovery Ltd. (PDI) and Robex Resources Inc. have successfully completed the merger between the companies, creating a leading West African gold production and development company, targeting production of more than 400,000 ounces of gold per annum by 2029.

Effective as of April 15, 2026 (in Quebec, Canada), PDI, through its wholly owned subsidiary 9548-5991 Quebec Inc. (Acquireco), acquired all the issued and outstanding common shares in the capital of Robex by way of a statutory plan of arrangement under the Business Corporations Act (Quebec). Pursuant to the transaction, former holders of Robex shares and Robex CHESS depositary interests (CDIs) are entitled to receive 7.862 ordinary shares in the capital of PDI for each Robex share or Robex CDI held immediately prior to the effective time of the transaction.

On completion of the transaction, PDI became a reporting issuer in each of the provinces and territories of Canada. PDI shares are currently listed on the Australian Securities Exchange (ASX) and PDI has received approval from the Toronto Stock Exchange for the listing of PDI shares on the TSX. The PDI shares issued to former holders of Robex shares and Robex CDIs are expected to commence trading on the TSX on April 20, 2026, and on the ASX on April 22, 2026. Robex has applied to delist the Robex shares from the TSX Venture Exchange and Robex CDIs from the ASX. The delisting of the Robex shares from the TSX-V is expected to become effective on or about April 17, 2026. The Robex CDIs were delisted from the ASX on April 15, 2026. As soon as practicable following completion of the transaction, PDI will apply for Robex to cease to be a reporting issuer under applicable Canadian securities laws.

In order to receive their PDI shares, former registered holders of Robex shares (other than former holders of Robex CDIs) must deliver to Computershare Investor Services Inc. (the depositary) a duly completed and signed letter of transmittal in respect of the Robex shares held by such former holder, together with the applicable certificate(s) or direct registration system (DRS) advice(s), if any, and such other documents or instruments as the depositary may reasonably require. Upon receipt by the depositary of such transmittal documents, the depositary will deliver to such former registered holders, or make available for pickup at its offices, a DRS advice representing the PDI shares that such former holder is entitled to receive as consideration under the transaction. The letter of transmittal was delivered to registered holders of Robex shares with the Robex circular (as defined below) and is available under Robex's profile on SEDAR+. A letter of transmittal may also be obtained by contacting the depositary. Former registered holders of Robex shares who have not already completed and delivered their transmittal documents to the depositary are encouraged to do so as soon as possible.

Neither PDI nor Acquireco owned or controlled, directly or indirectly, any Robex shares prior to the completion of the transaction. Immediately following completion of the transaction, PDI, through Acquireco, beneficially owns 276,433,803 Robex shares, representing 100 per cent of the issued and outstanding Robex shares. In aggregate, PDI issued approximately 2,173,322,332 PDI shares as consideration to former holders of Robex shares and Robex CDIs pursuant to the transaction, representing approximately $2,021-million (Australian) (or $1,983-million (Canadian)) in aggregate and $7.31 (Australian) (or $7.172 (Canadian)) per Robex share/Robex CDI based on the closing price of the PDI shares on the ASX on April 15, 2026 (being 93 Australian cents).

For more information on the transaction, see Robex's management information circular dated Nov. 11, 2025, as amended and restated on Dec. 12, 2025, and as supplemented by the addendum dated Dec. 12, 2025, filed under Robex's profile on SEDAR+. A copy of the early warning report of PDI in connection with its acquisition of the Robex shares pursuant to the transaction will be filed under Robex's SEDAR+ profile and can be obtained by contacting PDI.

In connection with the transaction, PDI advises that Ian Hobson has resigned as company secretary and Matthew Foy has been appointed company secretary.

Advisers and counsel

PDI has engaged BMO Capital Markets and SCP Resource Finance LP as financial advisers, Fasken Martineau DuMoulin LLP as Canadian legal adviser, and Herbert Smith Freehills Kramer as Australian legal adviser. GenCap Mining Advisory has been engaged as financial adviser to the PDI board.

Robex has engaged Canaccord Genuity as financial adviser, Peloton Legal Pty. Ltd. as Australian legal adviser, and Osler Hoskin & Harcourt LLP as Canadian legal adviser.

We seek Safe Harbor.

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