Robex Resources has filed a management information circular ahead of a December 15 shareholder vote on a proposed acquisition by Predictive Discovery. The deal promises to create a West African gold mining powerhouse.
- Robex shareholders to receive 8.667 Predictive shares per Robex share
- Board and special committee unanimously recommend voting in favor
- Deal aims to combine Kiniero and Bankan gold projects in West Africa
- Voting support agreements cover 25.5% of Robex shares
- Special meeting scheduled for December 15, 2025, with proxy deadline December 11
A Strategic Move in West African Gold Mining
Robex Resources Inc. has formally initiated the next step in its proposed acquisition by Predictive Discovery Limited, filing a detailed management information circular for a special shareholder meeting set for December 15, 2025. This meeting will determine whether Robex shareholders approve a plan of arrangement that would see Predictive acquire all outstanding Robex shares.
The proposed transaction offers Robex shareholders 8.667 fully paid Predictive shares for each Robex share held, effectively making Robex an indirect wholly owned subsidiary of Predictive upon completion. This exchange ratio reflects the combined companies’ ambition to create a leading gold producer in West Africa by leveraging the strengths of both the Kiniero and Bankan projects.
Board Endorsement and Strategic Rationale
The Robex Board of Directors and its independent special committee have unanimously endorsed the arrangement, emphasizing the strategic benefits. Key among these is the potential to establish a tier-1 mining hub by combining two of the region’s most advanced and cost-efficient gold projects. The board highlights the expected cash flow from the Kiniero Project as a critical enabler to fund the development of the Bankan Project, enhancing operational flexibility.
Additionally, the combined entity is expected to benefit from a strengthened management team with proven expertise in West African mining operations, which should facilitate smoother project development and operational synergies. The deal also aims to boost the combined company’s capital markets profile, with potential inclusion in prominent indices such as the ASX 200 and VanEck Junior Gold Miners, potentially driving a share price re-rating.
Voting and Shareholder Engagement
Shareholders are urged to vote well in advance of the meeting, with a proxy deadline of December 11, 2025. Voting support agreements have already been secured from directors, senior officers, and certain shareholders representing approximately 25.5% of Robex’s shares, signaling strong insider confidence in the deal.
The meeting will be held virtually, allowing shareholders worldwide to participate and vote. The company has also provided contact details for proxy assistance, underscoring the importance of shareholder engagement in this transformative transaction.
Looking Ahead
While the board’s recommendation and voting support agreements provide momentum, the arrangement still requires approval by at least two-thirds of votes cast. If successful, the transaction could reshape the West African gold mining landscape, combining assets, expertise, and capital to unlock significant value. Investors will be watching closely as the December vote approaches, eager to see how this strategic consolidation unfolds.
Bottom Line?
The December shareholder vote will be a pivotal moment for Robex’s future and West African gold mining consolidation.
Questions in the middle?
- Will the required two-thirds shareholder approval be achieved on December 15?
- How will the combined company prioritize development between Kiniero and Bankan projects?
- What are the key risks that could delay or derail the completion of the arrangement?