Predictive Discovery raises $42.9m from Lundin Family and Zijin Mining
Australian mining company Predictive Discovery has secured commitments to raise approximately A$69.2m ($42.9m) through strategic private placement from the Lundin family and its associates, and China’s Zijin Mining Group.
Lundin family, Zijin Mining to buy stake in Australia's Predictive Discovery, shares rise
Shares of Australia's Predictive Discovery were set for their best session in nearly six months on Tuesday after the gold explorer said that China's Zijin Mining will invest A$24.1 million ($15.00 million),
Lundin family, Zijin Mining invest A$70m in Predictive Discovery
ASX-listed Predictive Discovery has received binding commitments from the Lundin family and associates, as well as Hong Kong-listed Zijin Mining Group, to raise almost A$70-million through a strategic private placement.
Lundin, Zijin take minority stakes in Predictive Discovery
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.
Lundin family, Zijin Mining to acquire stake in Predictive Discovery
Australia’s Predictive Discovery said on Tuesday that China’s Zijin Mining will invest A$24.1 million ($15 million), while Lundin family will invest A$45.1 million in the gold explorer, to acquire a 3.5% and a 6.5% stake, respectively.
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