Sept 21 (Reuters) - Advanced Braking Technology Ltd ABV.AX :
* Non-renounceable rights issue ABV.AX
* Says non-renounceable rights issue to raise up to $2.58 million
* Intends to apply net funds raised toward expansion of products and distribution arrangements
* Non-renounceable pro-rata offer of approximately 369 million new shares at 0.7 cents per new share
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