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Forrestania Unveils $58.7M All-Scrip Takeover Bid for Kula Gold: What’s Next?
7:01am on Tuesday 25th of November, 2025 AEDT
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Forrestania Unveils $58.7M All-Scrip Takeover Bid for Kula Gold: What’s Next?
7:01am on Tuesday 25th of November, 2025 AEDT
Key Points
All-scrip offer – 1 Forrestania share per 5.6 Kula shares
Offer values Kula between $42.7M and $58.7M depending on share price
Kula board unanimously recommends acceptance absent superior proposal
Strategic consolidation across Southern Cross, Forrestania, and Eastern Goldfields belts
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Forrestania Resources (ASX:FRS)
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