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Forrestania’s $42.7M All-Scrip Bid for Kula Gains Unanimous Board Backing
8:34am on Friday 5th of December, 2025 AEDT
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Forrestania’s $42.7M All-Scrip Bid for Kula Gains Unanimous Board Backing
8:34am on Friday 5th of December, 2025 AEDT
Key Points
All-scrip offer, 1 Forrestania share per 5.6 Kula shares
Kula board unanimously recommends acceptance absent superior proposal
Offer values Kula at ~$42.7 million based on recent Forrestania share price
Combined group gains regional scale and access to Lake Johnston processing plant
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FORRESTANIA RESOURCES (ASX:FRS)
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