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Kula Gold Limited (ASX:KGD)

ALERT: Price-sensitive ASX Announcement for KGD
Current share price for KGD : $0.080 0.038 (90.48%)+
Announcement
Release
23 Dec 2025 8:41AM
Price at Release
$0.042
Full Release
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Summary
Forrestania Resources Limited has declared its takeover offer for Kula Gold Limited unconditional. The offer, initially announced on 8 December 2025, is an off-market bid for all ordinary shares of Kula Gold. Forrestania has acquired an interest in over 76% of Kula Gold's issued share capital, leading to planned changes in Kula Gold's board to reflect its status as a subsidiary of Forrestania. The offer has been extended to 22 January 2026 to allow additional participation by Kula shareholders. Kula shareholders that do not accept may become minority shareholders subject to risks without the benefits of Forrestania's gold strategy, which includes ambitions of production in 2026 following the acquisition of the Lake Johnston processing facility.
Key Points
  • Forrestania's takeover offer for Kula Gold is declared unconditional.
  • Forrestania holds 76.07% of Kula Gold's share capital.
  • Offer extended to 22 January 2026.
  • Kula Gold board to be reconstituted with majority Forrestania directors.
  • Kula shareholders who do not accept the offer will become minority shareholders.
  • Forrestania aims for gold production in 2026 following the acquisition of the Lake Johnston facility.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.