Nov 4 (Reuters) - Metminco Ltd MNC.AX :
* Proceeds from the placing will enable the company to progress work on the Los Calatos Project
* Says total of 250,000,000 new fully paid ordinary shares of the company have been placed by spangel at a price of A$0.00433
* Says announces the raising of a total of A$1.2 (£0.55) million before expenses
* Proceeds from placing will be applied to advance the company's wholly owned Los Calatos Project
* Source text for Eikon ID:nASXblpD