March 31 (Reuters) - Western Areas Ltd WSA.AX :
* Western Areas announces placement and spp WSA.AX
* Company is conducting a fully underwritten placement to raise approximately A$60 million
* Placement comprises an issue of up to 30.8 million ordinary shares in Western Areas
* Western Areas will also undertake a non-underwritten share purchase plan to raise up to A$10 million
* Gross proceeds of the placement will be used to replenish working capital for the total purchase price and transaction costs for Cosmos
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