Nov 11 (Reuters) - AJ Lucas Group Ltd AJL.AX :
* AJ LUCAS GROUP LTD ANNOUNCES COMPLETION OF INSTITUTIONAL COMPONENT OF ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER TO RAISE UP TO $46.3 MILLION
* INSTITUTIONAL COMPONENT OF OFFER RAISED PROCEEDS OF $26.2 MILLION, ABOUT 68.6% OF TOTAL ENTITLEMENT OF NEW SHARES AVAILABLE UNDER OFFER
* PROCEEDS RAISED FROM KEROGEN INVESTMENTS NO.1 (HK) LIMITED WILL BE USED TO REDUCE KEROGEN'S SUBORDINATED DEBT FACILITY