Aug 17 (Reuters) - Cassini Resources Ltd CZI.AX :
* A$4.2 MILLION PLACEMENT COMPLETED
* PLACEMENT WILL RESULT IN ISSUE OF ABOUT 68.8 MILLION NEW ORDINARY SHARES AT A PRICE OF A$0.061 PER SHARE
* KEY CORNERSTONE INVESTORS INCLUDE XU JINFU, CHAIRMAN OF TINCI MATERIALS
* WEST MUSGRAVE PROJECT STUDIES FUNDED BY EARNIN/JV PARTNER OZ MINERALS