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An announcement from Kula Gold Limited ( (AU:KGD) ) is now available.
Forrestania Resources Limited has completed the first tranche of ordinary share issuance to Kula Gold Limited shareholders who accepted its off-market takeover bid by 15 January 2026, marking a key step in progressing the acquisition. Share consideration for Kula shareholders who accepted after that date will be issued by 12 February 2026 in line with Australian corporate law, and the company signalled further updates on the takeover’s completion and compulsory acquisition process, underscoring its ongoing strategy of expansion through acquisitions in Western Australia’s gold sector.
More about Kula Gold Limited
Forrestania Resources Limited is a rapidly growing gold exploration and development company focused on building a portfolio of high-quality projects across Western Australia’s key mining districts, including the Southern Cross, Eastern Goldfields and Forrestania regions. With a refreshed and experienced board, the company is pursuing disciplined exploration and selective acquisitions to define significant gold resources near established operations such as the historic Bounty gold mine and projects around Coolgardie and Menzies, aiming to grow its gold asset base and create long-term shareholder value.
Average Trading Volume: 4,558,144
Technical Sentiment Signal: Sell
Current Market Cap: A$102.5M
Find detailed analytics on KGD stock on TipRanks’ Stock Analysis page.