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The latest update is out from Forrestania Resources Limited ( (AU:FRS) ).
Forrestania Resources Limited has declared its off-market takeover offer for all fully paid ordinary shares in Kula Gold Limited wholly unconditional by waiving all remaining defeating conditions attached to the bid. The company has also extended the offer period from 8 January 2026 to 22 January 2026, giving Kula shareholders additional time to consider the proposal, a step that underscores Forrestania’s commitment to completing the acquisition and could materially affect control of Kula and the strategic consolidation of their respective resource assets.
More about Forrestania Resources Limited
Forrestania Resources Limited is an Australian listed company operating in the resources sector, pursuing growth through corporate transactions such as off-market takeover bids for other mining and exploration companies, including Kula Gold Limited.
Average Trading Volume: 1,488,980
Technical Sentiment Signal: Buy
Current Market Cap: A$155.3M
For an in-depth examination of FRS stock, go to TipRanks’ Overview page.