Thomson Geer advises Toubani Resources on A$395 million funding package for Kobada Gold Project

Thomson Geer has advised Toubani Resources Inc. (ASX: TRE) on its A$395 million funding package to advance the construction of the Kobada Gold Project in southern Mali, West Africa.

The funding package includes a capital raising to sophisticated and professional investors, the exercise of options by Toubani’s majority shareholder and a gold stream arrangement with its major shareholder. Together, these components provide full project funding for the development of the Kobada Gold Project.

The transaction marks an important milestone for Toubani, enabling the company to progress the development of the Project, which is characterised by its substantial near-surface gold resource, low development costs and strong projected economics.

Thomson Geer advised on all legal aspects of the transaction, including structuring and implementation of the capital raising, option exercise and gold stream term sheet.

The team was led by Partner Michael Ng who said, "We are delighted to have supported Toubani Resources on this important milestone. This funding package marks a key step toward realising the development of the Kobada Gold Project and highlights ongoing confidence in the strength of Australia’s cross-border mining investment expertise."

The team also included Partner Chris Bishop, Senior Associate Kajal Parmar and Associate Rebecca Gilbert.