Kula Gold eyes raising $1.6M to fund Mt Palmer exploration activities

Grafa01-06

Kula Gold (ASX:KGD) announced a non-renounceable pro-rata entitlement offer to raise approximately $1.6 million.

The offer will issue one new share for every two shares held by eligible shareholders, priced at $0.005 per share, marking a 16.7% discount to the 10-day volume-weighted average price.

The entitlement offer aims to support the company's exploration and drilling activities at the Mt Palmer Gold Mine.

Directors of Kula Gold have committed to participating fully in this offer, collectively contributing $122,343.

Kula Gold will apply for an official quotation of the new shares on the ASX, with these shares ranking equally with existing shares upon issuance.

"The proceeds from the entitlement offer will ensure the company is well funded to continue exploration activities," the company said in a statement.

Eligible shareholders can also apply for additional shares in cases of shortfall.

According to the company's indicative timetable, the offer opens on Jan. 14 and closes on Jan. 23.

Kula Gold is a mineral exploration company engaged in the discovery of new mineral deposits in Western Australia.

The company is advancing projects within the WA goldfields at the Mt Palmer Gold Project and Boomerang Gold Prospect at Marvel Loch Southern Cross.

At the time of reporting, Kula Gold's share price was $0.0050.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2501473345?lang=en_US&edition=full_marsco","thumbnail":"https://images.grafa.com/grafa/media-mining-kula-gold-eyes-raising--1-6m-to-fund-mt-palmer-exploration-activities-343224-638717192072577481.jpeg","is_english":true,"pubTime":"2025-01-06 08:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2501473345","market":null,"top_or_hot":-1,"title":"Kula Gold eyes raising $1.6M to fund Mt Palmer exploration activities","media":"Grafa","content":"<img alt=\"\" src=\"https://images.grafa.com/grafa/media-mining-kula-gold-eyes-raising--1-6m-to-fund-mt-palmer-exploration-activities-343224-638717192072577481.jpeg\"/><p><a href=\"https://laohu8.com/S/KGD.AU\">Kula</a> Gold <a href=\"https://grafa.com/asset/kula-gold-ltd-7978-kgd.asx\">(ASX:KGD)</a> announced a non-renounceable pro-rata entitlement offer to raise approximately $1.6 million.</p>\n<p>The offer will issue one new share for every two shares held by eligible shareholders, priced at $0.005 per share, marking a 16.7% discount to the 10-day volume-weighted average price.</p>\n<p>The entitlement offer aims to support the company's exploration and drilling activities at the Mt Palmer Gold Mine.</p>\n<p>Directors of Kula Gold have committed to participating fully in this offer, collectively contributing $122,343.</p>\n<p>Kula Gold will apply for an official quotation of the new shares on the<a href=\"https://grafa.com/market/australia-au/asx\"> ASX</a>, with these shares ranking equally with existing shares upon issuance.</p>\n<p>\"The proceeds from the entitlement offer will ensure the company is well funded to continue exploration activities,\" the company said in a statement.</p>\n<p>Eligible shareholders can also apply for additional shares in cases of shortfall.</p>\n<p>According to the company's indicative timetable, the offer opens on Jan. 14 and closes on Jan. 23.</p>\n<p>Kula Gold is a mineral exploration company engaged in the discovery of new mineral deposits in Western <a href=\"https://grafa.com/economy/australia-au\">Australia</a>.</p>\n<p>The company is advancing projects within the WA goldfields at the Mt Palmer Gold Project and Boomerang Gold Prospect at Marvel Loch Southern Cross.</p>\n<p>At the time of reporting, Kula Gold's share price was $0.0050.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kula Gold eyes raising $1.6M to fund Mt Palmer exploration activities</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKula Gold eyes raising $1.6M to fund Mt Palmer exploration activities\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1019687050\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/b5820fc70e21f7eb65d05d7a2a3e6c15);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Grafa </p>\n<p class=\"h-time\">2025-01-06 08:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<img alt=\"\" src=\"https://images.grafa.com/grafa/media-mining-kula-gold-eyes-raising--1-6m-to-fund-mt-palmer-exploration-activities-343224-638717192072577481.jpeg\"/><p><a href=\"https://laohu8.com/S/KGD.AU\">Kula</a> Gold <a href=\"https://grafa.com/asset/kula-gold-ltd-7978-kgd.asx\">(ASX:KGD)</a> announced a non-renounceable pro-rata entitlement offer to raise approximately $1.6 million.</p>\n<p>The offer will issue one new share for every two shares held by eligible shareholders, priced at $0.005 per share, marking a 16.7% discount to the 10-day volume-weighted average price.</p>\n<p>The entitlement offer aims to support the company's exploration and drilling activities at the Mt Palmer Gold Mine.</p>\n<p>Directors of Kula Gold have committed to participating fully in this offer, collectively contributing $122,343.</p>\n<p>Kula Gold will apply for an official quotation of the new shares on the<a href=\"https://grafa.com/market/australia-au/asx\"> ASX</a>, with these shares ranking equally with existing shares upon issuance.</p>\n<p>\"The proceeds from the entitlement offer will ensure the company is well funded to continue exploration activities,\" the company said in a statement.</p>\n<p>Eligible shareholders can also apply for additional shares in cases of shortfall.</p>\n<p>According to the company's indicative timetable, the offer opens on Jan. 14 and closes on Jan. 23.</p>\n<p>Kula Gold is a mineral exploration company engaged in the discovery of new mineral deposits in Western <a href=\"https://grafa.com/economy/australia-au\">Australia</a>.</p>\n<p>The company is advancing projects within the WA goldfields at the Mt Palmer Gold Project and Boomerang Gold Prospect at Marvel Loch Southern Cross.</p>\n<p>At the time of reporting, Kula Gold's share price was $0.0050.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7104","symbol_name":"黄金","start_time":0,"source_url":"https://grafa.com/news/mining-kula-gold-eyes-raising--1-6m-to-fund-mt-palmer-exploration-activities-343224?referralcode=A314DFDBE96C354756A893C6E3E02493","article_id":"2501473345","we_media_id":"1019687050","thumbnails":["https://images.grafa.com/grafa/media-mining-kula-gold-eyes-raising--1-6m-to-fund-mt-palmer-exploration-activities-343224-638717192072577481.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501473345","pubTimestamp":1736122407,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Grafa","introduction":"Grafa generates AI-driven data, news and analysis about NYSE, Nasdaq and ASX stocks as well as forex, crypto and economic news. News is generated in near real-time due to Grafa's unique data-led approach to media content generation.","home_visible":1,"id":"1019687050","head_image":"https://static.tigerbbs.com/b5820fc70e21f7eb65d05d7a2a3e6c15"},"summary":"Kula Gold  announced a non-renounceable pro-rata entitlement offer to raise approximately $1.6 million.The offer will issue one new share for every two shares held by eligible shareholders, priced at $0.005 per share, marking a 16.7% discount to the 10-day volume-weighted average price.The entitlement offer aims to support the company's exploration and drilling activities at the Mt Palmer Gold Mine.Directors of Kula Gold have committed to participating fully in this offer, collectively contributing $122,343.Kula Gold will apply for an official quotation of the new shares on the ASX, with these shares ranking equally with existing shares upon issuance.\"The proceeds from the entitlement offer will ensure the company is well funded to continue exploration activities,\" the company said in a statement.Eligible shareholders can also apply for additional shares in cases of shortfall.Kula Gold is a mineral exploration company engaged in the discovery of new mineral deposits in Western Australi","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7104":"黄金","KGD.AU":"Kula"},"translate_title":"Kula Gold计划筹集160万美元资助Mt Palmer勘探活动","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KGD.AU":1},"content_text":"Kula Gold (ASX:KGD) announced a non-renounceable pro-rata entitlement offer to raise approximately $1.6 million.\nThe offer will issue one new share for every two shares held by eligible shareholders, priced at $0.005 per share, marking a 16.7% discount to the 10-day volume-weighted average price.\nThe entitlement offer aims to support the company's exploration and drilling activities at the Mt Palmer Gold Mine.\nDirectors of Kula Gold have committed to participating fully in this offer, collectively contributing $122,343.\nKula Gold will apply for an official quotation of the new shares on the ASX, with these shares ranking equally with existing shares upon issuance.\n\"The proceeds from the entitlement offer will ensure the company is well funded to continue exploration activities,\" the company said in a statement.\nEligible shareholders can also apply for additional shares in cases of shortfall.\nAccording to the company's indicative timetable, the offer opens on Jan. 14 and closes on Jan. 23.\nKula Gold is a mineral exploration company engaged in the discovery of new mineral deposits in Western Australia.\nThe company is advancing projects within the WA goldfields at the Mt Palmer Gold Project and Boomerang Gold Prospect at Marvel Loch Southern Cross.\nAt the time of reporting, Kula Gold's share price was $0.0050.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.33.2","shortVersion":"4.33.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2501473345"}