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

Bullboard Posts

Comment by Corrigan1on Mar 30, 2012 4:21pm

202 Views

Post# 19740909

RE: RE: RE: Pardon my Ignorance

Those class actions are dead with a restructuring. New company with all the assets. ..

I have to disagree. The lawsuits are against TRE and the BOD are in a precarious position. If they sell the assets for more then is owed to debt holders, the remaining assets (cash) are still the target of the parties to the class action suits. Not so sure about civil law but the BOD has certain fiduciary obligations and someone may be able to go after them if they just hand over the cash to shareholders. Sure the assets will be in a new company and not attachable by the class action guys, but that was never the point of the post.

Bullboard Posts

WINNERS of the COP 29: Siemens Energy, Plug Power, dynaCERT!