Effective Date Set for 15 April 2026
Predictive Discovery Limited (PDI) and Robex Resources Inc. (Robex) have announced the detailed implementation timetable for their merger. This merger will be executed through a statutory plan of arrangement in Québec. According to the arrangement agreement dated 5 October 2025, the effective date for this merger is set for 15 April 2026. By 8 April 2026, all conditions precedent were satisfied or waived, making the transaction unconditional and ready for implementation.
The merger involves Robex shareholders and CDI holders exchanging their shares for newly issued PDI ordinary shares. Specifically, each Robex share and CDI will be converted into 7.862 PDI shares, with fractions rounded down to the nearest whole share. This exchange ratio plays a crucial role in the merger’s terms.
Key Actions for Shareholders
Registered Robex shareholders are required to submit a Letter of Transmittal, along with their share certificate or direct registration system advice, to Computershare Investor Services Inc. to receive their new PDI shares. The Letter of Transmittal has been dispatched to all registered shareholders, and is also available on Robex’s SEDAR+ profile at sedarplus.ca.
CDI holders are not required to take any action, as they will automatically receive their PDI shares. Meanwhile, outstanding Robex securities that are exercisable or exchangeable for Robex shares will remain in place but will be adjusted to be exercisable or exchangeable for the equivalent number of PDI shares.
Following the implementation of the merger, Robex shares will be delisted from the TSX Venture Exchange on 16 April 2026. Similarly, Robex CDIs will be removed from quotation on the Australian Securities Exchange. Trading of PDI shares on the Toronto Stock Exchange is anticipated to begin shortly after, on 17 April 2026.
Predictive Discovery’s shares will continue to be traded on the Australian Securities Exchange under the ticker code ‘PDI’. The merger marks a significant milestone for both companies, promising to enhance their business operations and strengthen their presence in the resources sector.
As outlined in the arrangement, Robex CDI holders do not need to take any action to receive their PDI shares. However, registered Robex shareholders must complete the necessary paperwork to facilitate the exchange of shares. Holding statements will be dispatched following the implementation in accordance with the indicative timetable. This development ensures that all parties involved will receive their new shares without delay.
Last updated: 10 April 2026, 8:19 am
