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
