Robex approves merger with Predictive, deal expected early next year
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The news: ASX small cap Predictive Discovery will merge with Canadian company Robex Resources after the latter’s shareholders overwhelmingly voted to approve the move.
The context: The deal still faces regulatory hurdles, with the Superior Court of Quebec to rule on it on 13 January, and local government consent required. But the merger is expected to go ahead in the first quarter of 2026.
Earlier this month, gold producer Perseus Mining ruled out submitting a revised takeover offer for Predictive. But Perseus insisted that Predictive's mooted merger with Robex remained inferior to its proposal.
The numbers: Robex shareholders will receive 7.87 fully paid ordinary shares, meaning they will own roughly 46.5% of the combined company.
Just 5.46% of votes were cast against the deal.
What they said: “This has been a defining ten days for Robex,” Robex managing director Matthew Wilcox said.
“[It demonstrates] our ability to execute and position the combined company for rapid growth.”
The source: Robex ASX statement
