July 5 (Reuters) - Auscann Group Holdings Ltd AC8.AX :
* PLACEMENT TO INVOLVE ISSUANCE OF ABOUT 30.4 MILLION NEW FULLY PAID ORDINARY SHARES IN CO; ISSUE PRICE A$1.10/NEW SHARE
* COMPANY INTENDS TO UNDERTAKE A SHARE PURCHASE PLAN TO ELIGIBLE EXISTING SHAREHOLDERS TO RAISE UP TO A$8 MILLION