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Toubani Secures A$29M and US$160M Debt Backing to Accelerate Kobada Gold Project
9:33am on Wednesday 30th of April, 2025 AEST
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Mining
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Toubani Secures A$29M and US$160M Debt Backing to Accelerate Kobada Gold Project
9:33am on Wednesday 30th of April, 2025 AEST
Key Points
A$29 million raised via two-tranche placement at A$0.24 per share
A2MP Investments commits A$15.2 million strategic equity and US$160 million debt facility
A2MP to hold 18% pro-forma equity and appoint Gaurav Gupta to Toubani’s board
Funds allocated to advance Kobada project permitting, engineering, and drilling
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