Toubani Secures Funding for Kobada Gold Project
Toubani Resources has announced securing a $395m package to fully fund the construction of its Kobada gold project in Mali.
The package includes a $160m gold stream agreement with Eagle Eye Asset Holdings (EEA), a major existing shareholder, as well as raising $26m through the exercise of existing options and a $125m equity placement.
- $160m gold stream agreement with EEA
- $26m raised through existing options
- $125m multi-tranche equity placement
The financing follows Toubani's successful definitive feasibility study (DFS) for the Kobada project.
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Author's summary: Toubani Resources secures $395m funding for Kobada gold project.