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The latest announcement is out from Kula Gold Limited ( (AU:KGD) ).
Kula Gold Limited has informed shareholders that Forrestania Resources Limited now holds 85.77% of the company under its off‑market takeover bid, with Kula expected to remain listed on the ASX until Forrestania reaches 90% ownership. The board, whose directors have all accepted the offer, is urging remaining shareholders to accept before the 22 January 2026 closing date, warning that Kula shares are likely to become thinly traded and that the company will require substantial additional funding for its exploration programs, potentially leading to significant dilution for shareholders who do not participate.
More about Kula Gold Limited
Kula Gold Limited is an Australian-listed exploration company focused on mineral resource projects, with its securities traded on the ASX under the code KGD.
Average Trading Volume: 5,829,884
Technical Sentiment Signal: Sell
Current Market Cap: A$73.7M
Learn more about KGD stock on TipRanks’ Stock Analysis page.