InvestSMART

Toubani Resources Inc (ASX:TRE)

ALERT: Price-sensitive ASX Announcement for TRE
Current share price for TRE : $0.305 0.055 (22%)+
Announcement
Release
5 Aug 2026 9:00AM
Price at Release
$0.250
Full Release
download
Summary
Toubani Resources Inc. announced the completion of their Retail Entitlement Offer, which is a 1-for-3.27 fully underwritten, accelerated, non-renounceable pro rata entitlement offer. This offer successfully raised approximately A$70 million. Under the offer, 60,961,054 New Shares, which were not initially taken up, were allocated as Shortfall Shares, with Canaccord Genuity (Australia) Limited acting as the underwriter. The New Shares are expected to be allotted and commence trading on the Australian Securities Exchange on 10 and 11 August 2026, respectively, and will hold equal rank with existing shares. The announcement emphasized that it does not constitute a prospectus or a formal offer document, and there are legal limitations on its distribution outside of Australia.
Key Points
  • Toubani Resources completed the Retail Entitlement Offer.
  • The Entitlement Offer was a 1-for-3.27 fully underwritten, accelerated, non-renounceable pro rata offer.
  • The offer raised approximately A$70 million.
  • 60,961,054 New Shares were not taken up and classified as Shortfall Shares.
  • Canaccord Genuity (Australia) Limited was the underwriter for the Entitlement Offer.
  • New Shares will be allotted on 10 August 2026 and commence trading on 11 August 2026.
  • New Shares will rank equally with the existing shares.
  • The announcement is not a prospectus or offering document.
  • There are legal restrictions on distributing this announcement outside of Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.