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Morella Secures A$1.4M Convertible Note Boost for Critical Minerals Push
7:01am on Tuesday 21st of October, 2025 AEDT
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Mining
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Morella Secures A$1.4M Convertible Note Boost for Critical Minerals Push
7:01am on Tuesday 21st of October, 2025 AEDT
Key Points
A$1.4 million unsecured convertible notes committed
Funding split into Tranche A (A$700k) and Tranche B (A$700k, shareholder approval required)
8% annual interest with 36-month maturity
Conversion at 15% discount to 20-day VWAP, capped at 19.99% voting power
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