Interra Resources (SGX:5GI) completed the subscription of another 19,230,769 shares in Australia-listed Morella Corp. (ASX:1MC), according to a filing with the Singapore Exchange on Monday.
The company had subscribed to the shares for a total of AU$500,000, or AU$0.026 apiece, according to a previous filing.
Following completion, the company remains a substantial holder of Morella, holding an aggregate of 45,082,342 shares, representing 13.65% of the issued share capital of the Australian company.
Morella is an exploration and mineral resource development company focused on lithium and other battery minerals.
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.