May 3 (Reuters) - Namoi Cotton Ltd NAM.AX :
* $7.2M PLACEMENT SUCCESSFULLY COMPLETED AND SPP ANNOUNCED-NAM.AX
* ANNOUNCES SHARE PURCHASE PLAN TO RAISE $3-5 MILLION
* PLACEMENT AT AN ISSUE PRICE OF $0.34 PER SHARE
May 3 (Reuters) - Namoi Cotton Ltd NAM.AX :
* $7.2M PLACEMENT SUCCESSFULLY COMPLETED AND SPP ANNOUNCED-NAM.AX
* ANNOUNCES SHARE PURCHASE PLAN TO RAISE $3-5 MILLION
* PLACEMENT AT AN ISSUE PRICE OF $0.34 PER SHARE