- Common shares of Toubani Resources (TRE) have begun trading on the Australian Securities Exchange under the ticker TRE
- The company raised A$6,000,000 as part of an equity raising
- The net proceeds will be used to undertake an extensive drill programme at the Kobada Gold Project
- Toubani Resources is an exploration and development company
- Toubani Resources (TRE) opened trading at C$0.17
Common shares of Toubani Resources (TRE) have begun trading today on the Australian Securities Exchange under the ticker TRE.
Highlights:
- Shares were admitted to the Official List of the ASX on 24 November 2022 and trading of the shares have commenced
- Trading on the ASX will have no direct impact on the trading of the company’s shares on TSX Venture, which will continue to trade under the ticker TRE
- The company raised A$6,000,000 as part of the equity raising
- The company is now well funded to execute its comprehensive drilling campaign
The company completed a A$6,000,000 capital raise, introducing a broad base of new shareholders, predominantly from Australia. The net proceeds will be used to undertake an extensive drill programme at the Kobada Gold Project.
Toubani Resources is an exploration and development company with a focus on expanding its existing total resource base of 3.1 million ounces.
Toubani Resources is an exploration and development company focused on expanding its existing total resource base of 3.1 million ounces. Toubani Resources’ principal asset is the Kobada Project in southern Mali, which is in an advanced stage of development, having completed a feasibility study in September 2021.
Toubani Resources (TRE) opened trading at C$0.17.