July 20 (Reuters) - Metgasco Ltd MEL.AX :
* METGASCO- TO RAISE $1.375 MILLION THROUGH A SHARE PLACEMENT OF 55 MILLION NEW SHARES AT $0.025 PER SHARE
* METGASCO LTD- WILL ALSO UNDERTAKE A SHARE PURCHASE PLAN OF UP TO $2 MILLION
July 20 (Reuters) - Metgasco Ltd MEL.AX :
* METGASCO- TO RAISE $1.375 MILLION THROUGH A SHARE PLACEMENT OF 55 MILLION NEW SHARES AT $0.025 PER SHARE
* METGASCO LTD- WILL ALSO UNDERTAKE A SHARE PURCHASE PLAN OF UP TO $2 MILLION