July 24 (Reuters) - Heron Resources Ltd HRR.AX :
* Heron announces equity funding package of up to $20M HRR.AX
* Heron to initially raise $6.8 million through a placement of 54.1 million shares to greenstone resources l.p. at 12.6 cents per share
* Arrangements provide for potential additional investment by greenstone of $13.2 million as part of potential staged development of woodlawn project
* Says Heron and greenstone have also entered into a strategic relationship
* Heron will have access to greenstone's technical and financial expertise, and greenstone will nominate a director to the Heron board
* Placement price of 12.6 cents per ordinary share represents 22% premium to the 30 day volume weighted average price of Heron shares of 10.3 cents
* Source text for Eikon ID:nASX4DzPXT