Forrestania Resources' Offer for Kula Gold Becomes Unconditional, Shares Reach Four-Year Peak

MT Newswires Live

01/02

Forrestania Resources' (ASX:FRS) off-market takeover offer for all of the fully-paid ordinary shares in Kula Gold (ASX:KGD) became unconditional after the defeating condition to the offer, as outlined in the bid implementation agreement, was fulfilled, according to a Friday Australian bourse filing.

As of Friday, Forrestania's voting power in Kula was 82.04%.

Forrestania's shares jumped 5% in recent trading on Friday, reaching a four-year peak. Meanwhile, those of Kula fell 3%.

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Meanwhile, those of Kula fell 3%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FRS.AU","symbol_name":"FORRESTANIA RESOURCES LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2600030969","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2600030969","pubTimestamp":1767320210,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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