Australia's Forrestania Resouces rises on buying remaining stake in Kula Gold

Forrestania Resources

14/10/2025 04:32

** Shares of Forrestania Resources FRS.AX rise as much as 14.3% to A$0.28, their biggest intraday pct rise since September 23; stock last up 10.2%

** Gold explorer to make an off-market takeover offer to acquire the remaining stake in Kula Gold KGD.AX

** Consideration of 1 FRS shares for every 5.6 KGD share held

** Shares of Kula Gold fall as much as 13.6% to A$0.038, stock last down 4.6%

** Stock is up 18.8 times YTD, including the session's moves

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))