Toubani Takes 19.9% Stake in Canadian Gold Explorer Without Spending Cash [VIDEO]
Toubani Resources has completed its Toubani Resources Avanti Gold acquisition, securing a 19.9% stake in Avanti Gold Corporation through an all-scrip deal that preserves cash for its flagship Kobada Gold Project.
Key Takeaways
- Toubani Resources completed the acquisition of 44.5 million Avanti Gold shares on 17 July 2026, securing a 19.9% interest in the Canadian gold explorer through an entirely scrip-based transaction.
- The deal was funded with 72.9 million newly issued TRE shares and 36.45 million TRE options at a $0.60 exercise price, preserving Toubani's cash for Kobada Gold Project development.
- The 19.9% threshold was deliberately chosen to sit below the 20% level that triggers formal takeover requirements in most jurisdictions, giving Toubani strategic exposure without control obligations.
- The share consideration is fully settled, while the option grant remains pending receipt of applications following the option prospectus filed on 17 July 2026.
- Toubani's primary focus remains the Kobada Gold Project, described as Africa's next large gold development project, with the Avanti stake positioned as complementary portfolio diversification.
![Charger Metals Banks $3.75M and Keeps Door Open to $11M More From Bynoe Sale [VIDEO]](https://media.discoveryalert.com/veo32Fnanobanana2Fe4a19e1d-f626-4367-8e86-ae90193f99b42Fimage_0.jpg)
![Iltani Achieves 13x Upgrade in Silver-Indium Ore Sorting Tests at Orient Project [VIDEO]](https://media.discoveryalert.com/veo32Fnanobanana2F0650f650-c4d9-4de4-9e98-7924c02bca6e2Fimage_0.jpg)
Breaking ASX Alerts Direct to Your Inbox
- Breaking ASX announcements delivered within minutes
- Alerts delivered with expert analysis
- Optional text alert for subscribers
- No spam policy, unsubscribe any time
Disclaimer
Discovery Alert provides readers with access to market news, educational content, and commentary from financial services professionals, industry experts, and companies (“Contributors”).
Discovery Alert Pty Ltd (CAR No. 001 303 958) is a Corporate Authorised Representative of ShareX Pty Ltd (AFSL No. 519872), regulated by the Australian Securities and Investments Commission (ASIC). Discovery Alert is authorised to provide general financial product advice in relation to basic deposit products, securities, and managed investment schemes.
Any advice or information published by Discovery Alert is general in nature only and has been prepared without taking into account your personal objectives, financial situation, or needs. Before acting on any information, you should consider whether it is appropriate for your circumstances and seek independent, licensed financial advice. You should also obtain and read any relevant Product Disclosure Statement (PDS) or other offer document before making an investment decision.
Discovery Alert makes no guarantee as to the accuracy, completeness, or timeliness of the information provided, and accepts no responsibility for any loss arising from reliance on it. All content is published in good faith for informational purposes only.
Disclosure
Discovery Alert may have commercial relationships with some contributors or companies mentioned in our content. Any such relationships will be disclosed where relevant.
If you believe any information we have published is inaccurate, incomplete, or misleading, please contact us at admin@discoveryalert.com.au so we can review and address the matter promptly.