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.

OTCPK:TOUBF - Post by User

Toubani Resources Ltd

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Comment by taman1on Sep 28, 2011 3:01pm

281 Views

Post# 19094739

RE: RE: RE: Previous article for reference - Joebo

The postings here are getting rather loose with the facts.
Because
PWC report is still INCOMPLETE and UNDER wraps
The report we are talking about is the INTERIM report by the Independent directors appointed and authorised by TRE
The interim report spoke of IRREGULARITIES and NON arm length transactions.
TRE suspended some officers
OSC got a copy of report and insisted on Allen Chan resignation and others. Allen refused. OSC wielded power suspending TRE. A few days later Allen Chan resigned voluntarily BUT was appointed FOUNDING EMERITUS CHAIRMAN by TRE
Cease order trade was mutually agreed to be extended to Jan 2012
Since then no news EXCEPT Green heart is reinstated for trade in HK. Good news as TRE owns over 60% of Greenheart ... if there is fraud by TRE why buy more of Greenheart????

Cheers

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