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

Reuters
5 hours ago
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.

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10