Predictive Discovery (ASX:PDI) said that the placement of AU$69.2 million to the Lundin family and Zijin Mining Group has been completed, according to a Wednesday Australian bourse filing.
Proceeds will be used to advance the Bankan gold project, the company said in a filing in early February.
Company shares were down past 1% in recent Wednesday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.