Predictive Discovery (ASX: PDI) has raised $1.065 million to continue exploration at its Burkina Faso and Cote D’Ivoire permits, particularly the Bongou Prospect in Eastern Burkina Faso.
The funds were raised through a placement of 66.6 million shares priced at $0.016 per share.
Further funds will raised through a Share Purchase Plan offering shareholders up to $15,000 worth of shares.
The company had recently intersected thick gold zones at Bongou.
Notable results included 68 metres at 3.2g/t gold, including 8 metres at 10g/t gold. This follows previous results of 47 metres at 3.2g/t gold, 41 metres at 2.8g/t gold and 58 metres at 2g/t gold.
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