Toubani Resources

Canaccord Genuity acts as Joint Lead Manager & Joint Bookrunner for A$125M Equity Raise for Toubani Resources (ASX:TRE)

Canaccord Genuity is pleased to have acted as Joint Lead Manager and Joint Bookrunner to Toubani Resources’ (ASX:TRE) A$125 million equity raising to fully fund the Kobada Project into production.

The Equity Raise is part of a larger ~A$395 million funding package which included a A$242 million (US$160 million) gold-stream arrangement with major shareholder Eagle Eye Asset Holdings (“EEA”) and a A$26 million options exercise by EEA. The proceeds will be applied to development capex, exploration activities and working capital as the Company progresses the Kobada Project towards first production in Q3 2027.