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Kula shareholder backs Geopacific offer

Geopacific Resources has acquired a majority stake in Kula Gold after the takeover target’s largest shareholder accepted Geopacific’s recently increased offer.

Geopacific lobs takeover bid for Kula

Perth-based Geopacific Resources has put forward a takeover bid for its joint venture partner, gold-focused Kula Gold, in an all-scrip deal that values the target at about $9.3 million.

Geopacific Resources drills more gold from multi-million ounce project

Geopacific Resources (ASX:GPR) has received new assay results intersecting up to 21 metres at 3.27 g/t gold at the Woodlark Gold Project in Papua New Guinea.

Kula Gold hits more high grade gold at Woodlark Island

Kula Gold (ASX:KGD) has received further ongoing high grade gold assays from its drilling program at the flagship Woodlark Island Project in Papua New Guinea.

Kula, Geopacific cut Woodlark capex

Perth-based explorer Kula Gold says it could save $US25 million, or 27 per cent, in the costs of building its Woodlark Island gold project in Papua New Guinea if done so in the current economic environment.

Kula Gold to update on results from Woodlark

Kula requested the halt pending drill results on the Woodlark Island Gold project as announced by JV partner, Geopacific Resources (ASX:GPR), on 25 January 2017 and to engage a competent person to sign off on the competent person statement.

Currency and cost factors favour gold stocks

A record high Australian dollar price in June has provided a tailwind for the state’s gold sector, and 2017 is looking to be a similarly positive year.

Geopacific taps investors for $15m

Local explorer Geopacific Resources has kicked off a $15 million capital raising to fund the earn-in, and development, of the Woodlark gold project in Papua New Guinea.

Geopacific secures $18m farm-in deal

Perth-based explorer Geopacific Resources has entered into an agreement to farm-in to Kula Gold’s Woodlark Island gold project in Papua New Guinea, in a deal worth up to $18.6 million.

Kula Gold Ltd to reveal agreement for Woodlark Island

Kula Gold Ltd (ASX:KGD) has been granted a trading halt by the ASX, pending details of an agreement concluded on the company’s Woodlark Island Gold project in Papua New Guinea. The halt will remain in place until the opening of trade on Monday 11th July 2016, or earlier if an announcement is made to the market.

Corporate Governance Statement


March 2016 Quarterly Report