Oct 3 (Reuters) - Pharmaust Ltd PAA.AX :
* PHARMAUST RAISES $2.4 MILLION THROUGH A PLACEMENT TO INSTITUTIONAL AND SOPHISTICATED INVESTORS
* PLACEMENT AT OFFER PRICE OF 12 CENTS PER NEW SHARE
Oct 3 (Reuters) - Pharmaust Ltd PAA.AX :
* PHARMAUST RAISES $2.4 MILLION THROUGH A PLACEMENT TO INSTITUTIONAL AND SOPHISTICATED INVESTORS
* PLACEMENT AT OFFER PRICE OF 12 CENTS PER NEW SHARE