Sept 8 (Reuters) - Austar Gold Ltd AUL.AX :
* AUSTAR GOLD PLACEMENT, ENTITLEMENT AND BONUS ISSUE-AUL.AX
* COMMITMENTS OF $1.96M RECEIVED FOR ISSUE OF SHARES AT $0.30 PER SHARE
* RECEIVED BINDING COMMITMENTS TO RAISE $1.96MLN AT ISSUE PRICE OF $0.30 PER SHARE