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Kula Gold Limited ( (AU:KGD) ) has issued an update.
Kula Gold Limited has announced the proposed issuance of up to 321,605,960 ordinary fully paid securities as part of a non-renounceable pro rata offer. This announcement marks a strategic move to raise capital, potentially enhancing the company’s financial position and operational capabilities. The offer is set to open on January 8, 2025, with the issue date slated for January 31, 2025, potentially impacting current stakeholders and the company’s market standing.
More about Kula Gold Limited
Kula Gold Limited operates in the mining industry, focusing on the exploration and development of gold resources. The company is primarily engaged in identifying, acquiring, and developing mineral properties with a significant emphasis on gold deposits.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €2.33M
Find detailed analytics on KGD stock on TipRanks’ Stock Analysis page.
