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Kula Gold Limited ( (AU:KGD) ) has provided an announcement.
Kula Gold Limited has announced changes to its board following Forrestania Resources Limited’s off‑market takeover bid being extended to 22 January 2026 and declared unconditional. Forrestania, which now holds about 76% of Kula, has installed its own senior executives on Kula’s board, appointing experienced mining professionals David Geraghty and Brett Hodgins as directors while long‑serving director Mark Bojanjac has resigned. The reshaped board reflects the transition of control and is intended to align Kula’s governance with its new ownership structure, supporting continuity of leadership as the enlarged group pursues its exploration and development strategy; Kula’s directors have accepted the bid and are urging remaining shareholders to do likewise.
More about Kula Gold Limited
Kula Gold Limited is an Australian mineral exploration company listed on the ASX, with activities focused on identifying and developing resource projects, now increasingly aligned with Forrestania Resources Limited following a change in control.
Average Trading Volume: 7,230,048
Technical Sentiment Signal: Sell
Current Market Cap: A$47.21M
For an in-depth examination of KGD stock, go to TipRanks’ Overview page.