June 3 (Reuters) - Austsino Resources Group Ltd ANS.AX :
* ENTERED PLACEMENT AGREEMENT WITH WESTERN AUSTRALIAN PORT RAIL CONSTRUCTION (SHANGHAI)
* WAPRC WILL SUBSCRIBE FOR ABOUT 7.69 BILLION FULLY PAID ORDINARY SHARES AT $0.013 PER SHARE
* EFFORTS TO PROGRESS WAPRC TRANSACTION & COMPLETE ACQUISITION OF STAKE IN SUNDANCE RESOURCES IMPEDED BY OF COVID-19
* WAPRC CONFIRMED CONDITIONS PRECEDENT IN WAPRC AGREEMENT WITH AUSTSINO WILL NOT BE SATISFIED BEFORE 30 JUNE