Name Change and Consolidation Approved

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Postmedia has not reviewed the content. by GlobeNewswire Name Change and Consolidation ApprovedAuthor of the article:QUEBEC CITY, Aug. 24, 2026 (GLOBE NEWSWIRE) — PDI Gold Limited (ASX:PDI, TSX:PDI) (“PDI Gold” or the “Company”) (previously Predictive Discovery Limited) advises that following shareholder approval obtained at the general meeting on 21 August 2026 (“Meeting”), the Company’s name has officially changed to PDI Gold Limited with the Australian Securities and Investments Commission.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe name change will be effective on the Australian Securities Exchange (“ASX”) from market open on 9 September 2026 which is expected to align with the Toronto Stock Exchange (“TSX”).PDI Gold’s ticker code will remain ‘PDI’ on both the ASX and TSX.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againA new PDI Gold website has been established at www.pdigold.com, which hosts information regarding the Company and its projects, together with investor information.Following approval at the Meeting, the Company’s share capital will be consolidated with every five (5) securities to be consolidated into one (1) security (“Consolidation”).Set out below is the indicative timetable for the Consolidation on the ASX. The Consolidation is expected to be effective on the TSX on Thursday, 27 August 2026.ActionIndicative dateEffective DateMonday, 24 August 2026Last day for pre-Consolidation tradingTuesday, 25 August 2026Post-Consolidation trading starts on a deferred settlement basisWednesday, 26 August 2026Record Date (last day for the Company to register transfers on a pre-Consolidation basis)Thursday, 27 August 2026First day for the Company to update its register and send holding statements (or DRS or share certificates, as applicable) to security holders reflecting the change in their holdingsFriday, 28 August 2026Last day for entity to update its register and send holding statements (or DRS or share certificates, as applicable) to security holders reflecting the change in their holdings and notify ASX that this has occurredFriday, 4 September 2026Commencement of normal settlement trading of securities on a consolidated basisMonday, 7 September 2026The above timetable is indicative only and the Company reserves the right to vary the timetable subject to compliance with the Listing Rules.This announcement is authorised for release by the PDI Gold Board of Directors.Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.PDI Gold is a leading West African gold production and development company, combining a portfolio of high quality assets with a proven execution capability and strong financial platform.The Company’s asset portfolio is anchored by the Kiniero Gold Mine in Guinea, which commenced production in late 2025, and the Nampala Gold Mine in Mali, which has been operating since 2017. These production assets provide momentum and strong cash flows as the Company advances its growth plans.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.PDI Gold’s long-life growth asset is the Tier-1 Bankan Gold Project in Guinea, one of the largest undeveloped gold projects in Africa. Bankan is approaching construction-ready status with expected production of ~250,000oz per annum over more than 12 years.Once Bankan is in production, the Company is targeting annual production exceeding 400,000oz by 2029 from its low-cost mining hub in Guinea, leveraging the proximity and synergies of the Kiniero and Bankan assets.PDI Gold’s is at a pivotal stage in its evolution, growing into a mid-tier, multi-mine West African gold producer, with a clear focus on sustainably developing its portfolio to create long-term value for shareholders and stakeholders.This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities. No securities regulatory authority has approved or disapproved the contents of this announcement. The securities referred to in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, U.S. registration requirements.Forward-Looking StatementsThis announcement contains forward looking statements and forward looking information within the meaning of applicable securities laws. Forward looking statements include, but are not limited to, statements regarding gold production and guidance, expectations regarding exploration and development activities and potential, expectations regarding permitting and development funding for the Bankan Project. Forward looking statements are based on assumptions and expectations as at the date of this announcement and are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Forward looking statements are generally identified by words such as “will”, “expect”, “anticipate”, “may”, “could”, “should”, “plan”, “estimate” and similar expressions.Although PDI Gold believes that the expectations reflected in the forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements since no assurance can be provided that such expectations will prove to be correct. Forward-looking statements are based on information available at the time those statements are made and/or good faith belief of the officers and directors of PDI Gold as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Forward-looking statements involve numerous risks and uncertainties. Factors that could cause actual results to differ materially include, but are not limited to, commodity price fluctuations, foreign exchange movements and general economic conditions, geopolitical, social and regulatory risks, operating and cost risks, the speculative nature of exploration and project development including the risks of obtaining necessary approvals, licenses, permits and funding, diminishing quantities or grades of reserves, changes to the legal and regulatory framework within which PDI Gold operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation and other risks described in PDI Gold’s public disclosure documents filed on ASX and on SEDAR+.Forward looking statements speak only as of the date they are made. Except as required by applicable law, PDI Gold undertakes no obligation to update or revise any forward looking statements contained in this announcement. All forward-looking statements contained in this announcement are expressly qualified in its entirety by the above cautionary statement.This announcement refers to PDI Gold having expected production of more than 400,000oz per annum by 2029. The production targets in respect of the Bankan Project were released to ASX on 25 June 2025 in an announcement by PDI Gold titled “Bankan DFS Confirms Outstanding Project Economics”. The production targets in respect of the Kiniero Project were released to ASX on 22 August 2025 in an announcement by Robex Resources titled “Amendment to Kiniero Gold Project Technical Report”. PDI Gold confirms that all the material assumptions underpinning the production targets in the previous announcements continue to apply and have not materially changed.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.