Aug 17 (Reuters) - Mobilarm Ltd MBO.AX :
* Mobilarm withdraws of entitlements issue to issue new offer MBO.AX
* Says will shortly issue a new prospectus lowering the offer to approximately $980,000
* Says Mobilarm will change the offer from 350m shares to 140m shares, raise $1.0M instead of $2.5M
* Says pricing of the offer and use of funds will remain the same
* Source text for Eikon ID:nASX6D3r7Q