Allion is acting on the restructure of the ownership of the Woodlark Gold Project in PNG whereby the remaining interest in the project will be transferred to Geopacific Resources Limited (ASX: GPR). The transfer will be in return for the issue of shares to Kula Gold Limited (ASX: KGD), which will then be distributed to shareholders in Kula.
Following completion, GPR will have full ownership of the Woodlark Gold Project.