Dec 19 (Reuters) - Kasbah Resources Ltd KAS.AX
* Placement to Pala Investments Limited of 138.1 million new shares at $0.027 per share to raise $3.7 million before costs
* Richard Hedstrom will join Kasbah as interim chief executive officer on terms still to be agreed
* New strategic investor and capital raising-kas.ax Source text for Eikon: ID:nASX71pXHB Further company coverage: KAS.AX