Toubani Resources Ltd T.TRE

Primary Symbol: TOUBF

Metals & Mining Gold

Toubani Resources Ltd is an Australia-based exploration and development company. The Company is focused on advancing gold development projects with its oxide dominant Kobada Gold Project. The Kobada Gold Project is located in southern Mali, approximately 125 kilometers (kms) on a straight-line south-southwest of the capital city, Bamako, and is situated adjacent to the Niger River and the international border with Guinea. The Kobada Gold Project is based on one mining exploitation permit (Kobada) of 136 square kilometers (km2) and two exploration permits (Faraba and Kobada Est) of 77 km2 and 45 km2. The Kobada main deposit hosts 2.4 million ounces (Moz) of predominantly free-dig, oxide gold over a strike extent of 4.5 kilometers, which is also open at depth with mineralization open down dip. Toubani Resources Mali SARL is the wholly owned subsidiary of the Company.

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Toubani Resources Ltd

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Post by carduon Aug 06, 2011 11:47am

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Post# 18911664

Calgary Herald

Mandolin Fund ups stake in Sino-Forest

ReutersAugust 6, 2011

A large Singapore-based fund has further increased its stake in Sino-Forest Corporation and it now owns 18 per cent of the embattled Chinese forestry company's outstanding shares.

The Mandolin Fund, run by New Zealand-born billionaire Richard Chandler, disclosed on Friday that it bought another 2.7 million Sino-Forest shares on Aug. 4.

The fund has been gradually boosting its stake in the forestplantation operator that has been accused of fraud by short-seller Carson Block and his firm Muddy Waters, sending its shares spiralling downward. Mandolin's Sino-Forest investment over the last two months has helped drive some recovery in the company's shares, which trade on the Toronto Stock Exchange and had plunged as low as $1.29 in mid June.