Jan 20 (Reuters) - Blaze International Ltd BLZ.AX :
* Share placement BLZ.AX
* Placement of 38 million new shares in the company at $0.04 per share to sophisticated investors to raise $1.5 million before costs
* Says funds raised by way of the placement are to be used for general working capital and to seek out new acquisitions
* Source text for Eikon ID:nASX3Q3CRQ
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