In its application for the halt, PDI stated: "Having announced details of a project acquisition, the company requests a further trading halt, pending an announcement to the market of a proposed capital raising."
The trading halt will remain in place until the start of normal trading on Tuesday, April 14, or when an announcement is released to the market, whichever occurs earliest.
Additional ground package
Predictive recently secured the right to acquire the highly mineralised Koundian Property Package, along strike from Managem’s 2-million-ounce Tri-K gold deposits, within Guinea’s prolific Siguiri Basin.
The company now holds about 799 square kilometres of prospective landholdings across nine permits/authorisations in Guinea, all containing artisanal gold workings.
All projects are within the Siguiri Basin which hosts AngloGold Ashanti Limited’s (JSE:ANG) large Siguiri Mine (+10 million ounces).
These project areas were identified by Predictive during its terrain-scale assessment of the Siguiri Basin in late 2018 using the company’s Predictore gold targeting system.