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Interra Resources to raise US$3.47m from private placement

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"We believe ... it is an opportune time to undertake more work in emerging Myanmar as well as regionally," says Mr Tjia.

Singapore

A BUSINESS partner of Interra Resources is buying a 13.6 per cent stake in the petroleum oil and gas production company for US$3.47 million.

The partner, China ZhenHua Oil Co, is subscribing to 79.5 million new shares through a wholly-owned unit at 5.9 Singapore cents

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