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PREDICTIVE DISCOVERY LIMITED — Capital/Financing Update 2014
Feb 27, 2014
65537_rns_2014-02-27_9be32eaf-4ed7-40b8-ac73-54383b972562.pdf
Capital/Financing Update
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ASX Announcement 28[th] February 2014
Results of Share Purchase Plan
Predictive Discovery
Limited is a gold exploration company with strong technical capabilities focused on its advanced gold exploration projects in West Africa.
Predictive Discovery Limited (ASX: PDI) (‘PDI’ or ‘the Company’) is pleased to announce that the Share Purchase Plan (‘SPP”) closed on 24 February 2014 with applications received for 20,375,000 shares. At an issue price of $0.016 per share, the SPP will raise $326,000.
The shares will be allotted on 4[th] March 2014.
These funds are in addition to the recently completed Placement which raised $1.065m.
ASX: PDI
The funds raised from the Placement and SPP will be used for exploration and general working capital purposes. It will enable PDI to continue exploration at its Burkina Faso and Cote D’Ivoire permits, and in particular the exciting Bongou Prospect in Eastern Burkina Faso.
Issued Capital: 362M shares
Share Price: 1.6 cents
Market Capitalisation: $5.8M
PDI would like to thank all of the shareholders that participated in the SPP.
Cash: $1.7M (plus SPP proceeds of $326k)
Directors
For further information, please contact:
Phillip Harman Non-Exec Chairman
Paul Roberts (08) 9216 1020
Paul Roberts Managing Director
Phil Henty Non-Executive Director c
Tim Markwell Non-Executive Director
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