Predictive Discovery receives commitments to raise $6.9 million
In addition,Predictive Discovery has provided shareholders with a non-renounceable entitlement offer to raise up to a further $2.1 million, for a total of up to $9 million.
The Capital Raising will place Predictive Discovery in the strongest financial footing it has ever enjoyed, ensuring it is well-funded to carry out an unbridled exploration push on the exciting North-East Bankan gold
discovery (NE Bankan), within the Kaninko Gold Project, Guinea (Kaninko Project).
Predictive’s MD, Paul Roberts comments:
“This fundraising is a transformational step-change for Predictive, setting us up for the largest drilling program in the Company’s history, and putting us on a pathway towards a targeted maiden Resource Estimate on Kaninko by mid-2021.
“Our first round of shallow drilling at NE Bankan has uncovered a new, very wide, shallow gold discovery in the prolific Siguiri Basin, with thick intersections and some excellent grades, starting almost at surface, and
open in all directions, all of which points to the potential for Kaninko to evolve into a future large, high margin gold mining opportunity.
“We are grateful to our long-standing shareholders who have supported the Company to date, and again in this capital raising. We are also pleased to welcome several domestic and international institutional investors
to the register.”