Dec 18 (Reuters) - Dynasty Resources Ltd DMA.AX :
* Proposed placement of securities DMA.AX
* Says company is continuing to progress the transaction with nong biao
* Intends to undertake a placement of up to 45 million shares at an issue price of $0.025 per share to sophisticated investors
* Says now anticipates settlement will occur in late December 2015
* Funds raised from placement will be used to further strengthen co's financial position
* Source text for Eikon ID:nASX1DT9Mc