Nov 15 (Reuters) - Energy Resources Of Australia Ltd ERA.AX :
* ANNOUNCES $476 MILLION RENOUNCEABLE ENTITLEMENT OFFER TO FUND ITS RANGER PROJECT AREA REHABILITATION OBLIGATIONS
* OFFER PRICE OF $0.15 PER SHARE
* RIO TINTO WILL SUBSCRIBE FOR ITS ENTITLEMENT IN FULL AND IS ACTING AS UNDERWRITER TO OFFER
* PROCEEDS TO FUND CO'S REHABILITATION OBLIGATIONS FOR RANGER PROJECT AREA & ENABLE CO TO CONTINUE AS A GOING CONCERN