Still no news...good ann by neighbour pdi today Predictive...

Still no news...good ann by neighbour pdi today


Predictive Discovery Limited (ASXDI) (“PDI” or the “Company” is pleased to announce that it has received binding commitments from the Lundin family and their associates (“Lundin Family” and Zijin Mining Group Co., Ltd. (through its subsidiary and non-operating division, together with its affiliates, “Zijin” to raise approximately A$69.2m by way of a strategic private placement at an issue price of A$0.265 per share. HIGHLIGHTS • Lundin Family to invest approximately A$45.1m to acquire a shareholding in PDI of 6.5%. • Zijin to invest approximately A$24.1m to acquire a shareholding in PDI of 3.5%. • Proceeds from the strategic placement will be used to advance the Bankan Gold Project’s Definitive Feasibility Study, progress environmental and social programs, continue regional exploration programs and conduct selected early development activities. • Pro-forma cash balance of A$98.0m upon completion of the strategic placement (before costs).1