Aug 19 (Reuters) - Buxton Resources Ltd BUX.AX :
* Buxton to raise $2M to fast track double magic drilling BUX.AX
* Says issue of up to approximately 10.3 million new shares
* Says funds raised pursuant to the placement will be used to fast track drilling at Double Magic
* Placement of shares was made at an issue price of 19.5 cents per share, a 9.3% discount to buxton's last closing price
* Source text for Eikon ID:nASXcWLLh