Morella Corporation (AU:1MC) has released an update.
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Morella Corporation has successfully raised approximately A$1.4 million through a placement of new shares at a 16% discount, with part of the funding directed towards expanding exploration projects in Western Australia and Nevada. The company’s board, along with institutional investors, showed strong support, highlighting confidence in Morella’s strategic direction in the battery minerals sector. The transaction, managed by Canaccord Genuity, also signals a lift in the trading halt on Morella’s securities.
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