Morella, which is listed on the Australian Securities Exchange, focuses on exploration and mineral resource development.
Interra Resources has subscribed for 24,258,333 shares in Morella Corporation Limited for A$873,299.98 ($767,716.27), according to an Oct 17 release.
On Aug 5, Morella announced non-renounceable rights issue of approximately 123,576,552 new shares and 12,129,166 new options to its eligible shareholders.
