Aug 25 (Reuters) - Radar Iron Ltd RAD.AX :
* Says raised $495,932 in a placement managed by armada capital pty ltd
* Says placement involves the issue of 33.1 million fully paid ordinary shares at $0.01
* Also secures a number of new investors who offered a long term commitment to the company
* Source text for Eikon ID:nASX5dN9xJ
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