Australia's Toubani Resources rises on 19.9% Avanti Gold stake deal
29/06/2026 04:53
BUZZ-Australia's Toubani Resources rises on 19.9% Avanti Gold stake deal ** Shares of Australia's Toubani Resources TRE.AX rise 2.7% to A$0.375, their biggest intraday pct gain since June 15
** The gold explorer says it agreed to buy a 19.9% of the issued shares of Canada-based gold explorer Avanti Gold AGC.CD via a share swap agreement
** Company says share acquisition entails the issuance of 72.9 million Toubani shares in return for 44.5 million Avanti shares
** Toubani down 6.3%, YTD
(Reporting by Keshav Singh Chundawat in Bengaluru)
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Australia's Toubani Resources rises on 19.9% Avanti Gold stake deal