Shareholders will vote on the plan on 21st August 2026
Predictive Discovery Limited will ask shareholders on 21st August 2026 to approve a capital consolidation that would convert every five existing shares into one share.
At the same General Meeting of Shareholders, the company will also seek approval to change its name to PDI Gold Limited.
Even if investors back the name change, the ASX and TSX ticker code PDI will remain unchanged.
The five-for-one consolidation would apply across all securities in the company, including shares, options, warrants, DSUs and performance rights.
PDI Gold Limited proposal
The plan aims to reduce the total number of outstanding securities and create a capital and share price structure that better fits PDI’s scale.
Predictive Discovery also stated that each shareholder’s proportional interest in the issued capital would stay the same, apart from small changes caused by rounding fractional holdings.
The PDI board has unanimously recommended that shareholders vote for both resolutions at the 21st August 2026 meeting.
Details of the proposed approvals, including the name change and the consolidation timetable, were set out in a notice of meeting and a letter to shareholders released on 21st July 2026.
However, the proposals still need any further required approvals from both the TSX and the ASX.
The announcement was authorised for release by the PDI Board of Directors in Quebec City on 21st July 2026.
Its asset base is anchored by the Kiniero Gold Mine in Guinea, which began production in late 2025, and the Nampala Gold Mine in Mali, which has operated since 2017.
Those producing mines are central to the company’s current cash flow as it pushes ahead with wider growth plans in West Africa.
Meanwhile, Predictive Discovery’s main growth project is the Bankan Gold Project in Guinea, which it describes as a Tier-1 asset and one of the largest undeveloped gold projects in Africa.
Bankan is approaching construction-ready status and is expected to produce about 250,000 ounces a year for more than 12 years.
After Bankan enters production, PDI is targeting annual output above 400,000 ounces by 2029 from its mining hub in Guinea.
That 2029 production goal would rely on the proximity and operating synergies between the Kiniero and Bankan assets in Guinea.
The company also noted that the Toronto Stock Exchange and its Regulation Services Provider do not accept responsibility for the adequacy or accuracy of the release.
