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Kula Gold Secures $1.6M in Rights Issue, Eyes Further Capital Raise

6:16pm on Sunday 1st of June, 2025 AEST Mining
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Kula Gold Secures $1.6M in Rights Issue, Eyes Further Capital Raise

6:16pm on Sunday 1st of June, 2025 AEST
Key Points
  • Raised $1.6 million via entitlement offer at $0.005 per share
  • Issued 66.4 million new shares, increasing total shares to 709.6 million
  • Shortfall offer planned to issue up to 255 million additional shares
  • Entitlement offer was non-renounceable with one new share per two held
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