May 21 (Reuters) - Xanadu Mines Ltd XAM.AX :
* RAISES $1.12M TO FUND NEXT PHASE AT KHARMAGTAI
* PLACEMENT OF 34.0 MILLION SHARES AT A$0.033 PER NEW SHAR
* PROCEEDS WILL BE USED FOR NEXT PHASE OF ACTIVITIES AT KHARMAGTAI COPPER AND GOLD PROJECT
May 21 (Reuters) - Xanadu Mines Ltd XAM.AX :
* RAISES $1.12M TO FUND NEXT PHASE AT KHARMAGTAI
* PLACEMENT OF 34.0 MILLION SHARES AT A$0.033 PER NEW SHAR
* PROCEEDS WILL BE USED FOR NEXT PHASE OF ACTIVITIES AT KHARMAGTAI COPPER AND GOLD PROJECT