Sept 29 (Reuters) - Western Mining Network Ltd WMN.AX :
* Company update and placement agreement
* Says entered into a lead manager and broker mandate with CPS Capital Group Pty Ltd
* Says placement will raise up to $1 million before associated costs
* Says CPS will coordinate and manage, on a best endeavours basis, a proposed capital raising by wmn
* Proceeds from placement will be used to advance construction of mini-plants
* CPS's mandate provides that will receive aggregate 6% fee and issue of up to 2 million unlisted option exercisable at placement price and expiring on 30 June 2017
* Source text for Eikon ID:nASX2WqbCl