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PREDICTIVE DISCOVERY LIMITED — Capital/Financing Update 2017
Nov 30, 2017
65537_rns_2017-11-30_2350503f-3a27-49c8-8383-c00ebab1a1df.pdf
Capital/Financing Update
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1[st] December 2017
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ASX
Announcement
Predictive Completes Capital Raising
Predictive Discovery Limited (ASX: PDI) is pleased to announce completion of the recent capital raising, which consisted of $2,609,785 via a Rights Issue and an additional $457,500 via a placement.
Predictive Discovery Limited is a gold exploration company with strong technical capabilities focused on a large gold exploration portfolio in West Africa.
Total capital raised before costs was therefore $3,067,285 of which the contribution by clients and affiliates of the Sprott Group of Companies was $850,000. Predictive is particularly pleased that Sprott has supported the Company in this raising, a sign that Predictive’s project generator strategy in West Africa is attracting significant international interest. The Company also notes that subscriptions to the Rights Issue were received from 334 separate subscribers, indicating very strong support from the Company’s shareholders.
ASX: PDI
Issued Capital: 236 million shares
Share Price: 4.1 cents
Funds raised will be used to advance the Company’s exploration strategy in West Africa through Predictive’s own exploration programs and contributions to joint ventures, as well as for general working capital.
Market Capitalisation: $9.7M
Directors
For further details please contact:
Phillip Jackson Non-Exec Chairman
Paul Roberts Managing Director Tel: +61 402 857 249 Email: [email protected]
Ric Moore Company Secretary Tel: +61 8 6143 1840 Email: [email protected]
Paul Roberts Managing Director
David Kelly Non-Executive Director
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