(Ecofin Agency) - ASX-listed Predictive Discovery has declared last week that it has closed the renounceable rights issue it announced last month. It was able to raise through the transaction $2.6 million to finance its exploration activities in West Africa, especially in Burkina Faso and Côte d’Ivoire.

Earlier this month, Predictive had announced the start of a 5,000 m reverse circulation drilling program at its Bobosso gold project in Ivory Coast. The goal is to test nine promising mineralization targets.

The firm also owns in Côte d’Ivoire the Boundiali gold permit and in Burkina Faso, exploration permits for which it concluded last September, a joint-venture agreement with the Canadian firm Progress Minerals. 

Louis-Nino Kansoun