Perseus cancels offer for Predictive

Executive Summary

• Perseus Mining Ltd. has terminated its binding offer to acquire Predictive Discovery Ltd.
• The termination was triggered by a revised arrangement agreement received from Robex Resources Inc., which Predictive Discovery’s board determined matched the terms of Perseus’s offer under Robex’s matching rights.
• Perseus’s offer was explicitly conditional on Robex not executing its matching right, a condition that was not met.

Key Details

• Transaction Status: The binding offer by Perseus Mining Ltd. to acquire Predictive Discovery Ltd. is terminated.
• Triggering Event: Predictive Discovery Ltd. received a revised arrangement agreement from Robex Resources Inc.
• Matching Right: The Predictive board determined that the Robex proposal matched the terms of the arrangement agreement between Robex and Predictive dated October 5, 2025.
• Conditional Clause: Perseus’s offer was subject to the condition that Robex would not execute its matching right.
• Reference Dates:
  • Robex/Predictive Agreement Date: October 5, 2025.
  • Perseus Offer Announcement Date: December 3, 2025.

Notable Quotes

• "Perseus Mining Ltd. has taken note of the Australian Securities Exchange release by Predictive Discovery Ltd. that a revised arrangement agreement has been received from Robex Resources Inc., which has been determined by the Predictive board as having matched under Robex's matching right..."
• "As such, the Perseus binding offer for Predictive... is terminated."