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Kula Gold Limited ( (AU:KGD) ) has shared an update.
Kula Gold Limited has issued 3,804,348 fully paid ordinary shares at a deemed price of 4.6 cents per share as consideration for 50% of corporate advisory services received, with the new shares forming part of its existing quoted class on the ASX. The company confirmed the issuance was conducted without a disclosure document in reliance on relevant exemptions under the Corporations Act, and stated it is in compliance with its continuous reporting and financial reporting obligations, with no excluded information requiring disclosure at this time, thereby reassuring investors about regulatory compliance surrounding the capital issuance.
More about Kula Gold Limited
Average Trading Volume: 4,558,144
Technical Sentiment Signal: Sell
Current Market Cap: A$102.5M
For a thorough assessment of KGD stock, go to TipRanks’ Stock Analysis page.