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Predictive Discovery: Raising $9M for Guinea exploration | Fintech InShorts: Latest fintech news, analysis by experts

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Predictive Discovery: Raising $9M for Guinea exploration

By Steve Sam

May 5, 2020

Predictive Discovery: Raising $9M for Guinea exploration

Predictive Discovery (PDI) has received binding commitments to raise $9M through a placement and entitlements issue
Primarily, the money will also used for drilling programs, metallurgical test work programs, and a maiden resource estimate
Predictive will also use the money to advance the North-East Bankan gold discovery at the Kaninko Gold Project in Guinea
The money will also used for joint venture contributions in Côte d’Ivoire, exploration at other projects held by the company, and general working capital
For the placement, up to 138M shares will issued to institutional and sophisticated investors at a price of $0.05 each
Predictive shares have dropped 8.57 per cent and are trading for 6.4 cents each

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