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Kula Gold Completes $2.22M Institutional Equity Placement

  • Equity Placement raising $2.22 million from existing institutional and sophisticated shareholders
  • Funds will be used to continue activities on Woodlark Island and provide working capital for Kula Gold
  • Corporate overheads cut by 60% over the next 12 month period
  • The Company remains debt free and funded to advance corporate and Joint Venture opportunities and exploration activities at the Woodlark Island Gold Project