Kula Gold Limited advises Forrestania Resources (ASX: FRS) has received acceptances for more than 50.1% of the fully paid ordinary shares on issue in Kula Gold Limited (ASX: KGD). This represents a significant demonstration of confidence from Kula shareholders in the strategic rationale for the transaction. Forrestania Resources’ Chairman David Geraghty commented: “The level of support received is a strong early signal from the market. It reflects the alignment we are seeing from Kula shareholders around the benefits of combining these complementary asset portfolios. Forrestania has always taken a constructive approach to working with neighbouring [...]

Kula Gold Limited reports that in accordance with item 14 of section 633(1) of the Corporations Act 2001 (Cth) (Corporations Act) attached is a copy of the Target's Statement issued by Kula Gold Limited in relation to the off-market takeover bid by Forrestania Resources Limited under Chapter 6 of the Corporations Act for all ordinary shares in Kula (Offer). Kula's Target's Statement was lodged today with the Australian Securities and Investments Commission and served on Forrestania. Forrestania's Bidder's Statement was updated on December 4. Kula Gold's Directors unanimously recommend that Kula [...]