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Interra Resources to raise US$3.47m from private placement

Published Fri, Dec 15, 2017 · 09:50 PM
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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 apiece, Interra told the Singapore Exchange in a filing on Friday.

KEYWORDS IN THIS ARTICLE

private placement
Oil and gas

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