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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an update.
Forrestania Resources Limited has announced a significant development in its off-market takeover bid for Kula Gold Limited. The company has increased its voting power in Kula to 51.37%, surpassing the 50% threshold and fulfilling a key condition of the takeover offer. This advancement indicates a strategic move by Forrestania to consolidate its position in the market, with the offer set to close on January 8, 2026.
More about Forrestania Resources Limited
Average Trading Volume: 1,530,603
Technical Sentiment Signal: Buy
Current Market Cap: A$155.3M
For a thorough assessment of FRS stock, go to TipRanks’ Stock Analysis page.