Forrestania Resources Completes Kula Gold Takeover

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Forrestania Resources (ASX:FRS) completed its takeover of Kula Gold after the completion of the compulsory acquisition process, according to a Thursday Australian bourse filing.

Forrestania gave notice that it issued the consideration due to former Kula shareholders whose shares in Kula Gold were compulsorily acquired by Forrestania, with the consideration being held by Kula on trust for those former Kula shareholders.

Shares fell 1% in recent trading on Thursday.

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