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Forrestania Resources Launches 41% Premium Takeover Bid for Kula Gold

8:33am on Tuesday 14th of October, 2025 AEDT Mining
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Forrestania Resources Launches 41% Premium Takeover Bid for Kula Gold

8:33am on Tuesday 14th of October, 2025 AEDT
Key Points
  • Forrestania offers 1 share per 5.6 Kula Gold shares, a 41% premium
  • Acquisition values Kula Gold at approximately $58.9 million
  • Deal consolidates complementary gold assets in Western Australia
  • Kula Gold board unanimously recommends acceptance absent superior bids
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