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PDI Predictive Discovery News Story

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Basic MaterialsAdventurousMid CapMomentum Trap

Robex shareholders approve $1.45 billion merger with Australia’s Predictive Discovery

Dec 31 (Reuters) - Shareholders of Canada's Robex Resources RBX.V approved a A$2.17 billion ($1.45 billion) merger with Australian minerals explorer Predictive Discovery PDI.AX, 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)

 (Reporting by Sneha Kumar in Bengaluru; Editing by Tasim Zahid)

 ((Sneha.Kumar@thomsonreuters.com;))

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