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Kula Gold Limited ( (AU:KGD) ) just unveiled an announcement.
Kula Gold Limited has reported a change in director Ric Dawson’s indirect interests in the company’s securities. Through Classico Holdings Pty Ltd (The Chelmsford A/C), Dawson exercised 5 million unlisted options in Kula Gold at a cost of A$100,000 to acquire fully paid ordinary shares and simultaneously accepted an off‑market takeover offer from Forrestania Resources Limited for 5 million Kula shares, to be exchanged at a ratio of one Forrestania share for every 5.6 Kula shares. Following these transactions, Dawson’s indirect holdings now comprise 2 million unlisted options exercisable at A$0.06 expiring 1 July 2026 and 5 million unlisted options exercisable at A$0.05 expiring 1 July 2027, signaling an adjustment in his exposure to Kula Gold in the context of the Forrestania takeover bid.
More about Kula Gold Limited
Average Trading Volume: 4,558,144
Technical Sentiment Signal: Sell
Current Market Cap: A$102.5M
See more insights into KGD stock on TipRanks’ Stock Analysis page.