Interra buys Morella shares for $772,271

Interra said this will open opportunities in AUS and USA.

Interra Resources Limited purchased 24,258,333 new ordinary shares from Australia’s Morella Corporation valued at $772,271.

This makes Interra a substantial holder of Morella under the Corporations Act 2001 of Australia, holding 8% of the latter’s share capital.

Interra said this will open opportunities in Australia and the United States of America including the development of raw materials as demand for global battery growth grows.

The company paid fully in cash by using its internal cash resources.

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