trending Market Intelligence /marketintelligence/en/news-insights/trending/RlIla6WKTLAXisSvDUdX8A2 content esgSubNav
In This List

Geopacific to make off-market takeover offer for Kula Gold

Blog

European Energy Insights - May 2021

Blog

Metals & Mining Insights May 2021

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


Geopacific to make off-market takeover offer for Kula Gold

Geopacific Resources Ltd. said April 5 that it intends to make an off-market takeover offer to fully acquire Kula Gold Ltd.

The company, which can earn up to an 80% stake in Kula's Woodlark Island gold project in Papua New Guinea, will offer 1 share for every 1.47 Kula shares, equivalent to 2.8 Australian cents per Kula share.

Franklin Advisers Inc., which manages about a 17% interest in Kula, has agreed to accept the offer.