Oct 13 (Reuters) - Magnum Gas & Power Ltd MPE.AX :
* Says Magnum secures $160,000 funding
* Says funds will enable the company to continue its current efforts as a power developer in Botswana
* Says placement of 20 million shares at 0.5 cents per share for $100,000 is being made
* Source text for Eikon ID:nASX2ZwqZs