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Predictive Discovery to fund gold exploration in Guinea with capital raising

Predictive Discovery (ASX:PDI) managing director Paul Roberts updates Proactive Investors on the gold company's recent capital raising for gold exploration in West Africa.

The company has tapped sophisticated and other exempt investors to raise up to $531,000 for exploring new properties in Guinea, West Africa.

The biggest support for the gold explorer came from the London-listed Capital Drilling Ltd and will fund Predictive Discovery to test new drill targets on the Nonta and Kankan prospects. 

Roberts says the Guinean regulatory environment has improved and relationships with a range of officials have been strong.

Quick facts: Predictive Discovery Ltd

Price: 0.1 AUD

Market: ASX
Market Cap: $63.58 m

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on 17/4/20

2 min read