Published 1 day ago

Lundin, Zijin take minority stakes in Predictive Discovery

Summary by Miningmx

INTEREST in Guinea gold development firm Predictive Discovery was turned up a notch on Tuesday after the firm said it had introduced two new shareholders via a private placement, raising $69.2m. The Lundin Family and Zijin Mining bought a combined 10% in the company – 6.5% for Lundin Family and 3.5% for Zijin – through the issue of shares priced at A$0.265 per share. This represents a 4.4% premium to the 30-day VWAP (volume weighted average pric…

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Lundin, Zijin take minority stakes in Predictive Discovery

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