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PREDICTIVE DISCOVERY LIMITED — Capital/Financing Update 2012
Jul 4, 2012
65537_rns_2012-07-04_f18f8d34-40d1-411c-827e-8a306928e992.pdf
Capital/Financing Update
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ASX Announcement
5[th] July 2012
EXTENSION OF CLOSING DATE TO 20 JULY 2012
- FOR ONE FOR FIVE NON RENOUNCEABLE RIGHTS ISSUE
The Board of Directors of West African-focused gold exploration company, Predictive Discovery Limited ( ASX: PDI ) (“The Company”), announces that the closing date for acceptances of entitlements under the pro rata non-renounceable rights issue announced on 28 May 2012, has been extended by one week to 5.00pm (AEST) on Friday, 20 July 2012.
The Company today announced the results of positive drill results at the Bonsiega Project. The extension of time will give existing shareholders the opportunity to assess those results and consider participation in the rights issue in the context of this new information.
Revised Timetable
The revised timetable for the rights issue is as follows:
| Prospectus lodged with ASX and ASIC | 6 June 2012 |
|---|---|
| ‘Ex’ date | 12 June 2012 |
| Record Date | 7:00pm (AEST), 18 June 2012 |
| Opening Date | 21 June 2012 |
| Prospectus and Entitlement and Acceptance Forms | 21 June 2012 |
| dispatched to Eligible Shareholders | |
| Closing Date for acceptance and payment | 5:00pm (AEST), 20 July 2012 |
| Deferred settlement trading commences | 23 July 2012 |
| Notification of Under-Subscriptions | 24 July 2012 |
| Issue and allotment of New Shares and New Options | 26 July 2012 |
| Commencement of trading of New Shares | 27 July 2012 |
Note: The Company reserves the right, subject to the Corporations Act, ASX Listing Rules and other applicable laws, to vary the dates of the Entitlement Offer, including extending the Closing Date or accepting late applications, either generally or in particular cases, without notice.
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About Predictive Discovery:
Predictive Discovery Limited (PDI) was established in late 2007 to explore for gold and uranium. The Company is focused principally on exploration for gold in West Africa with two additional projects for uranium and gold in Australia. PDI has a distinctive technological capability, known as Predictore [TM] , which is designed to increase drill targeting efficiency thereby reducing ore discovery cost. The Company’s major focus is in Burkina Faso, West Africa where it is exploring for large open-pittable gold ore deposits.
For further details please contact: Paul Roberts Ian Hobson Managing Director Company Secretary Tel: +61 8 9216 1020 Tel: +61 8 9216 1000 Email: [email protected] Email: [email protected]
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