Toubani Resources Limited Registered Shs (AU:TRE) has released an update.
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Toubani Resources Limited has raised A$10 million through a placement to advance its Kobada Gold Project, with strong support from investors including a significant commitment from Paradice Investment Management. The funds will accelerate the project towards shovel-ready status and facilitate resource growth, with the company’s directors also participating in the share subscription. This financial move aims to establish Kobada as a major oxide development project in West Africa.
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