The $10 million was raised from issuing new shares priced at 12c, with the stock taken by undisclosed investors.
As of last quarter, Turaco became the proud holder of more than 8000sq.km of ground in Cote d'Ivoire.
Last month the company claimed a "large-scale discovery" during auger drilling at a prospect called Satama, while RC, aircore and other auger drilling is being carried out or has been recently completed at various other prospects.
New results can likely be expected imminently.
Turaco is the former Manas Resources.
The company is led by Justin Tremain, who has a number of other involvements in the listed ASX resources sector.
Prior to the latest fundraising, West African gold miners' Resolute Mining and Perseus held 21% and 2% respectively.
Shares in Turaco were up 4% to 14c in afternoon trade, capitalising the company at $47.5 million.
