April 12 (Reuters) - Kangaroo Island Plantation Timbers Ltd KPT.AX
* About $12.1 million to be raised via an institutional placement of about 6 million shares at an offer price of $2.00 per new share
* $21.4 million to be raised via entitlement offer issue of approximately 10.7 million new shares
* Funds raised to be used to partially fund purchase of entire forestry investment trust estate managed by new forests on kangaroo island for $55 million Source text for Eikon: ID:nASXbxLpWz Further company coverage: KPT.AX