Predictive Discovery Ltd (ASX:PDI) substantial shareholder Capital DI continues to show confidence in the company’s gold strategy, lifting its stake to 13.51% from 11.19%.
Capital DI purchased new shares by participating in Predictive’s recent share purchase plan.
Predictive has now raised a total of $1.948 million in new capital over the past six weeks.
Funds to enable drilling
Predictive managing director Paul Roberts recently said: “With the completion of the SPP and approval of the second tranche of the recent placement, Predictive has now raised a total of $1.948 million (before costs).
“These funds will enable us to drill the promising gold targets we are developing across our 100%-owned portfolio in Guinea, and support our equity contributions to the Resolute Joint Venture in Cote D’Ivoire, which returned very encouraging drill results in the June and September quarters.
“We are grateful for the support of shareholders who subscribed under the SPP”.