Australia's Toubani Resources rises as co gets funds for Mali gold project

Toubani Resources

21/08/2024 06:02

** Shares of Toubani Resources  TRE.AX  rise as much as
16.7% to A$0.210, their highest levels since April 18, 2023
    ** The exploration and development co receives commitments
to raise A$10 mln ($6.74 mln) through placement
    ** Toubani says funds will be used to advance its Kobada
gold project in Mali
    ** Says issue price of A$0.17 per share is at a 5.6%
discount to stock's last close
    ** Stock posts its biggest intraday pct gain since early May
    ** Toubani stock up over 24% this year, as of last close
   
    ($1 = 1.4832 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))