Jan 5 (Reuters) - Aj Lucas Group Ltd AJL.AX :
* UNDERTAKING A PLACEMENT TO RAISE GROSS PROCEEDS OF UP TO ABOUT A$22 MILLION
* AS A RESULT OF REVIEW CO IS AMENDING CERTAIN PROVISIONS OF US$45 MILLION SENIOR LOAN NOTES FACILITY
* ENGAGED BARBON ADVISORS, PATERSONS SECURITIES WHICH HAVE RECEIVED INVESTORS' COMMITMENTS TO PLACE 70.5 MILLION SHARES AT A$0.32 PER SHARE
* AMENDMENTS TO SENIOR LOAN NOTES INCLUDE COMMITMENT TO REDUCE PRINCIPAL TO US$20 MILLION BY 30 SEPT 2018