March 17 (Reuters) - Mod Resources Ltd MOD.AX :
* MOD raises $14.6 million in oversubscribed share placement
* Funds raised from placement will primarily be used towards a substantial CY17 exploration program
* Placement at $0.062 per share to raise $14.6 million before costs Source text for Eikon: ID:nASX7Llwhz Further company coverage: MOD.AX