Africa-focused gold explorer Toubani Resources Inc (ASX:TRE) has successfully listed on the Australian Securities Exchange through a A$6 million initial public offering with assistance from Thomson Geer.

Toubani is a Canadian incorporated company listed on the TSX Venture Exchange.

Thomson Geer’s equity capital markets expertise together with experience in cross border listings was critical to Toubani’s success in achieving a dual listing on the ASX.

Partner Michael Ng said: “We are proud to have advised Danny Callow and the team at Toubani Resources Inc on their successful dual-listing, which is a critical step for the company’s next phase.”

Toubani is primarily focused on the exploration and development of the Kobada Gold Project in Southern Mali, a low capital and low operating cost gold project.

The proceeds of the capital raising will be used to undertake an extensive drill program to identify and incorporate all potential high value material into an updated mineral resource estimate for the Kobada Gold Project.

The Thomson Geer team comprised Partners Michael Ng and Scott Gibson, Special Counsel Cameron Bill and Lawyer Dan Smailes.

The lead manager was Canaccord Genuity (Australia) and co-lead manager Foster Stockbroking.

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