Interra Resources to Subscribe for 7.9 Million Morella Shares in A$316,000 Placement

Reuters
02/24
Interra Resources to Subscribe for 7.9 Million Morella Shares in A$316,000 Placement

Interra Resources Limited plans to subscribe for 7.9 million new shares in ASX-listed Morella Corporation Limited via Tranche 2 of Morella’s institutional placement at A$0.04 per share, investing A$316,000 funded from internal cash resources. Interra will also receive 7.9 million free-attaching options, exercisable at A$0.06 and expiring three years from issue. Subject to Morella shareholder approval at an extraordinary general meeting in late April 2026, Interra’s stake in Morella is expected to rise from 12.24% to 12.59% on an enlarged share capital of about 420.93 million shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Interra Resources Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: Y3H45KPFYTZLEOPJ) on February 24, 2026, and is solely responsible for the information contained therein.

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