Jan 4 (Reuters) - Astro Resources NL ARO.AX :
* Proposed 2:1 first renounceable rights issue at 1 cent per share to raise approximately $2.2 million
* Says share consolidation of 20 existing shares for 1 existing share
* Says second rights issue to raise of $3 million at 1 cent per share
* Source text for Eikon ID:nASX4XSnht