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Predictive Discovery in trading halt ahead of capital raising announcement

The company’s securities will remain in a trading halt until the start of trading on Tuesday, April 16, or when an announcement is released.
Predictive Discovery in trading halt ahead of capital raising announcement
Predictive Discovery has a gold portfolio encompassing Burkina Faso, Cote d’lvoire and Guinea

Predictive Discovery Ltd (ASX:PDI) is in a trading halt pending an announcement to the ASX regarding a proposed capital raising.

The trading halt will remain in place until an announcement is released to the market or until the beginning of trading on April 16, 2019, whichever occurs earliest.

READ: Predictive Discovery encouraged by early gold results from Guinea

Predictive, which last traded at 0.9 cents, was encouraged by recent initial stream sediment, rock and soil geochemical results from its Kankan and Nonta projects in the West African country of Guinea.

Bulk leach extractable gold (BLEG) stream sediment sampling over large catchment areas on the properties identified highly encouraging gold stream sediment anomalies.

READ: Predictive Discovery spins diamond drill bit at Ferkessedougou North

Predictive Discovery managing director Paul Roberts said at the time the early results from Kankan and Nonta supported the highly prospective nature of Predictive’s Siguiri Basin targets.

“The stream sediment values reported for Nonta and Kankan are the best results Predictive has received compared with previous BLEG stream sediment surveys we have completed in West Africa in the past five years.”

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