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Toubani secures funding of $258m for Kobada gold project in Mali
Yahoo Financeยท 2025-10-13 11:21
Toubani Resources has announced securing a A$395m package to fully fund the construction of its Kobada gold project in Mali. The package includes a A$242m gold stream agreement with Eagle Eye Asset Holdings (EEA), a major existing shareholder. Additionally, it involves raising A$26m through the accelerated exercise of existing options held by EEA and a A$125m multi-tranche equity placement to institutional, sophisticated and professional investors at a price of A$0.40 per share. The financing comes in t ...