Key Highlights

• Predictive Discovery will invest US$10 million (approximately C$14.15 million) in Awalé Resources for approximately 12.3% of the company at a 10% premium to Awalé’s five-day VWAP.
• Awalé’s flagship Odienné Project covers 2,346km² across Côte d’Ivoire, with a Newmont joint venture portion hosting an initial inferred Mineral Resource of 32.4Mt at 1.64g/t AuEq for 1.71 million ounces AuEq.
• The investment is funded from PDI’s existing cash resources and does not affect funding requirements for the development of its Bankan Gold Project in Guinea.
• PDI will gain investor rights including participation rights to maintain its shareholding, information rights and…