March 16 (Reuters) - Catalyst Metals Ltd CYL.AX :
* Catalyst secures $1.5 million placement with St Barbara,sbm-cyl.ax
* Placement comprises issue of 3 million ordinary fully paid shares in Catalyst at a subscription price of 50 cents per share
* Funds raised from placement will allow exploration programmes in Whitelaw gold belt Source text for Eikon: Further company coverage: CYL.AX