06:25 AM EST, 12/11/2025 (MT Newswires) -- Perseus Mining Limited ( PMNXF ) said late Wednesday it had taken note of the ASX release by Predictive Discovery Limited that a revised arrangement agreement has been received from Robex Resources ( RSRBF ) which has been determined by the Predictive board as having met Robex's matching right. This was per the terms of the arrangement agreement between Robex and Predictive dated Oct. 5, 2025.

As such, Perseus said its binding offer for Predictive, as announced on Dec. 3, 2025, and which was subject to Robex not successfully executing its matching right, is terminated.

For its part, Robex said it and Predictive have agreed to revised terms under the amended arrangement agreement. Robex shareholders will receive 7.862 Predictive Shares for each Robex share, resulting in Robex shareholders owning 46.5% of the combined company on a fully diluted in-the-money basis. It added shareholders have expressed strong support for the transaction, with major shareholders, directors and officers of Robex (representing about 23.8% of the outstanding Robex shares) entering into separate amended voting agreements.

Robex said the merger creates one of West Africa's leading gold producers, combining two large, low-cost, and advanced projects with "significant growth potential". It added the transaction is expected to be accretive to shareholders of the combined company over the medium term, "supported by attractive exposure to the merged group's high-quality assets, increased scale, increased asset diversification, and potential index inclusion".