Thomson Geer is pleased to have advised Toubani Resources Inc on its successful initial public offering and dual listing on the ASX under the ticker code TRE. The strongly supported IPO raised $6 million via the issue of 30,000,000 shares in the form of CHESS depositary interests.
Toubani is a TSX-V listed and Canadian-incorporated gold explorer with a focus on expanding its existing total resource base in West Africa, having recently completed a feasibility study on its flagship Kobada Gold Project in Mali. The transaction represents a significant milestone for Toubani, providing it access to an experienced and deep market for gold exploration plays.
Thomson Geer's leading equity capital markets expertise, together with its strong working relationships with key Australian regulators, was critical to Toubani's success in achieving a dual listing on ASX.
The team included Partners Scott Gibson and Michael Ng, special Counsel Cameron Bill and Lawyer Dan Smailes.