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Predictive Discovery in trading halt with Kaninko gold results pending

The company is focused on its Guinea portfolio in the prolific Siguiri Basin as well as joint venture projects in Cote d’lvoire and Burkina Faso.

Predictive Discovery Ltd - Predictive Discovery in trading halt ahead of Kaninko Gold Project drilling results
Predictive’s objective is to find large gold deposits in West Africa

Predictive Discovery Ltd (ASX:PDI) is in a trading halt with results pending from a drilling program at the Kaninko Gold Project in Guinea, West Africa.

The trading halt will be in place until the beginning of normal ASX trading on Thursday, April 16, or when an announcement is released to the market, whichever occurs earliest.

Securities last traded at 0.5 cents.

Advancing Guinea exploration strategy

Predictive recently raised more than $600,000 in a placement that was been well supported by several of the company's large shareholders.

Binding subscription agreements have been received which will result in Predictive raising $612,490.

The placement will result in the issue of almost up to 122.5 million ordinary fully paid shares at a price of 0.5 cents per share and this represents the company’s entire 25% available allocation under Listing Rules 7.1 and 7.1A.

Predictive managing director Paul Roberts said at the time: “This placement, in tandem with the recently announced Koundian transaction, allows us to focus more on our highly prospective exploration ground in Guinea, where we have 100% exposure to all projects."

Quick facts: Predictive Discovery Ltd

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Price: 0.13 AUD

Market Cap: $175.7 m

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