Dec 12 (Reuters) - Peninsula Mines Ltd PSM.AX :
* PENINSULA MINES LTD ANNOUNCES ACQUISITION OF GOLD EXPLORATION ASSETS IN WESTERN AUSTRALIAN GOLDFIELDS
* BINDING COMMITMENTS RECEIVED FOR A PLACEMENT TO RAISE UP TO $2.0 MILLION TO FUND ACQUISITION, TRANSACTION COSTS
* FIRST RC DRILLING AT ACQUIRED GOLD EXPLORATION ASSETS TARGETED TO COMMENCE IN EARLY 2020
* ASSETS BEING ACQUIRED CONSIST OF 20 PROSPECTING LICENCES, 1 EXPLORATION LICENCE & 1 EXPLORATION LICENCE APPLICATION IN SOUTHERN CROSS