Receipt of Superior Proposal from Predictive Discovery Limited
Rhea-AI Summary
Robex Resources (OTC:RSRBF) announced it received formal notice that Predictive Discovery determined an unsolicited proposal from Perseus Mining constitutes a Superior Proposal under the Arrangement Agreement dated 5 October 2025.
Robex has a five business day matching period that began on 3 December 2025 and expires at 11:59 p.m. EST on 10 December 2025 (12:59 p.m. AWST on 11 December 2025). The Robex board is evaluating its options and said shareholders need take no action now; further updates will be provided as appropriate.
Positive
- Five-business-day matching period ends 11:59 p.m. EST on Dec 10, 2025
- Robex board evaluating options during matching period
Negative
- Unsolicited Superior Proposal from Perseus creates acquisition uncertainty
- Shareholder outcome unresolved pending matching period and further updates
QUEBEC CITY, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Robex Resources Inc. (“Robex”) advises that it has received formal notice from Predictive Discovery Limited (“PDI”) that the PDI Board has determined an unsolicited proposal from Perseus Mining Limited constitutes a Superior Proposal under the terms of the Arrangement Agreement between Robex and PDI dated 5 October 2025.
In accordance with the Arrangement Agreement, Robex has a five business day matching period during which it may elect to offer a matching or superior proposal. This period commenced today and will expire at 11:59 p.m. EST on 10 December 2025 (12:59 p.m. AWST on 11 December 2025).
The Robex Board of Directors is currently evaluating its options in response to this development.
Robex remains committed to acting in the best interests of its shareholders and the company and will provide further updates as appropriate. Shareholders are not required to take any action at this time.
This announcement was approved by the Managing Director.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Robex Resources Inc.
Matthew Wilcox, Managing Director and Chief Executive Officer
Alain William, Chief Financial Officer
Email: investor@robexgold.com
www.robexgold.com
Investors and Media:
Nathan Ryan
NWR Communications
+61 420 582 887
nathan.ryan@nwrcommunications.com.au
FAQ
What did Robex (RSRBF) announce on Dec 3, 2025 about Predictive Discovery?
How long is Robex's matching period and when does it expire for RSRBF?
Do Robex (RSRBF) shareholders need to act after the Dec 3, 2025 notice?
Who made the competing Superior Proposal mentioned in Robex's RSRBF notice?
Will Robex (RSRBF) provide updates about the matching period outcome?
