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Kula Gold Limited (ASX:KGD)

ALERT: Price-sensitive ASX Announcement for KGD
Current share price for KGD : $0.080 -0.01 (-11.11%)+
Announcement
Release
21 Jan 2026 2:42PM
Price at Release
$0.090
Full Release
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Summary
Forrestania Resources Limited has announced that it has acquired a significant majority of Kula Gold Limited's shares and has begun the compulsory acquisition of the remaining shares, following the Corporations Act 2001. This follows a takeover bid that began in December 2025. The acquisition process is expected to be finalized by February 2026 with the same terms as the initial offer. The company has lodged the necessary ASIC Form 6021 and informed Kula shareholders of their rights and the procedure to claim their consideration once the acquisition is complete.
Key Points
  • Forrestania Resources Limited has acquired more than 90% of Kula Gold Limited's fully paid ordinary shares.
  • Forrestania has initiated the process to compulsorily acquire the remaining shares under the Corporations Act 2001.
  • The compulsory acquisition will be on the same terms as the previous offer made by Forrestania.
  • The process is expected to complete in February 2026.
  • ASIC Form 6021 related to the compulsory acquisition was lodged and outlines the rights of Kula shareholders.
  • Kula shareholders are advised on how to claim consideration once the process is complete.
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.