May 7 (Reuters) - Magnetite Mines Ltd MGT.AX :
* COMMITMENTS TO RAISE $7 MILLION
* PLACEMENT AT AN ISSUE PRICE OF $0.058 PER SHARE
May 7 (Reuters) - Magnetite Mines Ltd MGT.AX :
* COMMITMENTS TO RAISE $7 MILLION
* PLACEMENT AT AN ISSUE PRICE OF $0.058 PER SHARE