Predictive Discovery and Robex Set April 15 for Merger Completion and Share Exchange

Merger Implementation and Share Exchange Details

Predictive Discovery Limited (ASX:PDI) and Robex Resources Inc. (ASX:RXR, TSX-V: RBX) have confirmed the detailed timetable for the implementation of their merger, scheduled to take effect on 15 April 2026. The transaction is being executed through a statutory plan of arrangement under the Business Corporations Act (Québec), following the arrangement agreement initially signed in October 2025.

Under the terms of the arrangement, Robex shareholders and holders of Robex CHESS Depositary Interests (CDIs) will exchange their holdings for newly issued Predictive Discovery ordinary shares. The exchange ratio is set at 7.862 Predictive Discovery shares for each Robex share or CDI, with fractional shares rounded down to the nearest whole share.

Post-Merger Trading and Delisting Plans

Following the implementation date, Robex shares will be delisted from the TSX Venture Exchange, and Robex CDIs will be removed from quotation on the Australian Securities Exchange. Predictive Discovery shares will continue trading on the ASX under the ticker "PDI" and are expected to commence trading on the Toronto Stock Exchange shortly after the merger completion.

Robex shareholders who hold shares directly will need to submit a Letter of Transmittal along with their share certificates or direct registration system advices to the depositary, Computershare Investor Services Inc., to receive their Predictive Discovery shares. Robex CDI holders are not required to take any action to receive their new shares.

Tax Implications and Shareholder Considerations

Robex has sought a class ruling from the Australian Commissioner of Taxation regarding the availability of scrip-for-scrip capital gains tax (CGT) roll-over relief for Australian resident shareholders. The ruling will only be issued after the transaction's completion and will be disclosed by Predictive Discovery on the ASX once available. Eligible shareholders may elect to apply the roll-over relief when preparing their Australian income tax returns for the relevant income year. Independent tax advice is recommended.

Strategic Context and Market Impact

This merger follows the recent confirmation that the transaction is unconditional and will create a leading West African gold producer targeting over 400,000 ounces of gold production annually by 2029. The combined entity aims to leverage strengthened balance sheets and financing synergies to reduce the need for additional equity or project debt. Predictive Discovery is also preparing for its listing on the Toronto Stock Exchange with a new board and management team, positioning the merged group for expanded market presence and operational scale.

Investors should note the planned delisting and trading changes and monitor the effective date and subsequent trading commencements closely. The merger timetable and share exchange process are critical for shareholders to understand their entitlements and any required actions.

For further background on the merger’s strategic rationale and production targets, see the recent update on the merger becoming unconditional and production targets.