Thomson Geer advises Toubani Resources on A$29M capital raising
Thomson Geer has advised ASX-listed African gold miner Toubani Resources on a A$29 million capital raising to help the company progress its Kobada gold project in Mali.
The capital raising involved a A$15.2 million strategic investment by A2MP Investments DMCC, which also provided a non-binding commitment for a minimum US$160 million debt facility.
Thomson Geer assisted Toubani with negotiations with A2MP as a strategic investor in the company together with advice in relation to the general two tranche capital raising.
The partnership between Toubani and A2MP is transformational for the company, enabling it to move forward with the Kobada Project.
A2MP is a wholly owned subsidiary of Eagle Eye Asset Holdings, a single-family office based in Singapore.
The Thomson Geer team was led by Scott Gibson who said: "We were pleased to assist Toubani bring on board its new strategic investor. At a time with gold prices are strong, we are seeing significant interest from investors in gold-focused companies around the world."
Scott was supported by Partner Michael Ng.
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