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Kula Gold Limited ( (AU:KGD) ) has shared an update.
Kula Gold Limited has announced a non-renounceable pro-rata entitlement offer to raise approximately $1.6 million. This funding will support the company’s ongoing exploration and drilling efforts at the Mt Palmer Gold Mine, aiming to solidify its resource definition and operational capabilities. The discounted share offer highlights a strategic move to secure financial resources, with directors participating fully in their entitlements, underscoring their confidence in the company’s future prospects.
More about Kula Gold Limited
Kula Gold Limited is a company involved in the mining industry, focusing particularly on gold exploration. The company is committed to developing its resource base at the Mt Palmer Gold Mine, leveraging exploration activities to enhance its operational potential.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €2.33M
For detailed information about KGD stock, go to TipRanks’ Stock Analysis page.
