Sept 6 (Reuters) - Aspire Mining Ltd AKM.AX :
* ANNOUNCES $33.5M PLACEMENT TO TSERENPUNTSAG AS PART OF A STRATEGIC REPOSITIONING
* FOLLOWING PLACEMENT COMPLETION, TSERENPUNTSAG'S OWNERSHIP OF ASPIRE WILL INCREASE FROM 27.5% TO 51% ON AN UNDILUTED BASIS
* DAVID PAULL TO TRANSITION TO NON-EXECUTIVE CHAIRMAN OVER A FOUR MONTH PERIOD