Toubani Secures Credit-Approved Funding Package Exceeding US$ 80 Million for Kobada
Toubani Resources Limited (ASX: TRE) has received a credit-approved term sheet from Coris Bank International SA for a substantial project financing package supporting development of the Kobada Gold Project in Mali. The proposed funding comprises a US$ 73.3 million senior secured project finance facility and a US$ 10.2 million mezzanine facility, forming a key component of Toubani’s non-equity funding strategy. Subject to final documentation, regulatory approvals and drawdown conditions, the Coris facilities will replace half of the previously announced EEA Gold Stream. When combined with the remaining gold stream, total non-equity funding is expected to reach approximately US$ 164 million. Coris Bank brings a strong track record of financing West African mining projects, including several ASX-listed gold producers. Progress across financing, engineering and permitting workstreams continues to materially de-risk Kobada ahead of a final investment decision.
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Toubani Secures Credit-Approved Funding Package Exceeding US$ 80 Million for Kobada
Toubani Resources Limited (ASX: TRE) has received a credit-approved term sheet from Coris Bank International SA for a substantial project financing package supporting development of the Kobada Gold Project in Mali. The proposed funding comprises a US$ 73.3 million senior secured project finance facility and a US$ 10.2 million mezzanine facility, forming a key component of Toubani’s non-equity funding strategy. Subject to final documentation, regulatory approvals and drawdown conditions, the Coris facilities will replace half of the previously announced EEA Gold Stream. When combined with the remaining gold stream, total non-equity funding is expected to reach approximately US$ 164 million. Coris Bank brings a strong track record of financing West African mining projects, including several ASX-listed gold producers. Progress across financing, engineering and permitting workstreams continues to materially de-risk Kobada ahead of a final investment decision.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au