Nov 15 (Reuters) - Talga Resources Ltd TLG.AX :
* ANNOUNCE A FUNDING INITIATIVE TO RAISE GROSS PROCEEDS OF UP TO A$6.25 MILLION
* FUNDING INITIATIVE TOWARD FUNDING LAST STAGE OF DEVELOPMENT PRIOR TO PLANNED STAGE 1 FINANCING OF VITTANGI GRAPHITE ANODE PROJECT
* CAPITAL RAISE COMPRISES A$3.25 MILLION PLACEMENT TO TARGETED INSTITUTIONAL & SOPHISTICATED INVESTORS AT A PRICE OF A$0.44 PER SHARE
* CAPITAL RAISING ALSO COMPRISES SHARE PURCHASE PLAN TO EXISTING SHAREHOLDERS FOR UP TO FURTHER A$3.0 MILLION, AT A$0.44 PER SHARE