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Kula Gold Limited ( (AU:KGD) ) just unveiled an announcement.
Kula Gold Limited has announced a strategic placement to raise $2.5 million through agreements with Forrestania Resources Limited and Aquarius Peak Pty Ltd. The funds will be used to further exploration at the Mt Palmer Gold Project and for working capital, with the placement set at a 5% discount to the last trading day’s volume weighted average price. This strategic move is expected to enhance the project’s scale and strengthen Kula’s position in the gold exploration sector.
More about Kula Gold Limited
Kula Gold Limited operates in the mining industry, focusing primarily on gold exploration and development. The company is engaged in advancing its projects, particularly in the Southern Cross belt, with a strategic emphasis on the Mt Palmer Gold Project.
Average Trading Volume: 19,305,219
Technical Sentiment Signal: Sell
Current Market Cap: A$24.88M
See more insights into KGD stock on TipRanks’ Stock Analysis page.