Australia's Kula Gold climbs on agreement to acquire 70% interest in lithium tenement

Kula Gold

28/11/2022 01:11

** Shares of Kula Gold Ltd  KGD.AX  jump as much as 8.6% to
A$0.038, highest since Nov 17
    ** Gold explorer says it has entered into agreement to
acquire a 70% interest in a key tenement in Greenbushes lithium
mine in Western Australia
    ** Says purchase price includes A$2 mln ($1.34 mln) in fully
paid ordinary shares
    ** Says purchase price also includes a cash reimbursement of
exploration expenditure of A$200,000 
    ** Stock had fallen 23.9% this year, as of last close 
($1 = 1.4896 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))