Interra Res

Interra Res: To undertake renounceable rights issue of 1 rights share at $0.15 for every 2 existing shares. Issue price is a disc of approx 63.0% to VWAP price of $0.4056. Co expects to raise approx $12.8m to $21.7m in net proceeds to fund new work programmes in Myanmar and Indonesia in increasing proven reserves, oil production from existing producing fields and identifying new areas within these assets