June 16 (Reuters) - Iron Road Ltd IRD.AX :
* Will be conducting $1.05 million institutional placement of new shares to certain institutional shareholders of Iron Road
* Expects to raise at least $9.23 million in gross proceeds from entitlement offer and placements
* Announces non-renounceable entitlement offer of new Iron Road shares at an offer price of $0.10 per new share
* Source text for Eikon ID:nASX2p3Q7N