Dec 2 (Reuters) - Norwest Energy NL NWE.AX :
* Placement and underwritten entitlement offer NWE.AX
* Norwest to raise $1.32 million to progress Perth basin projects towards drill-ready status
* Entered into arrangements with Argonaut Capital Limited (Argonaut) to place 200 million shares
* Says directors of Norwest intend to apply for their full entitlements to the issue
* Funds raised will enable Norwest to progress its three key Perth basin projects towards drill-ready status
* Source text for Eikon ID:nASX3ZPW1z