May 31 (Reuters) - Covata Ltd CVT.AX :
* COMMITMENTS RECEIVED FROM SOPHISTICATED INVESTORS IN PLACEMENT TO RAISE $1.5 MILLION
* ANNOUNCES PROPOSED ENTITLEMENT ISSUE TO EXISTING HOLDERS TO RAISE UP TO $1.8 MILLION
May 31 (Reuters) - Covata Ltd CVT.AX :
* COMMITMENTS RECEIVED FROM SOPHISTICATED INVESTORS IN PLACEMENT TO RAISE $1.5 MILLION
* ANNOUNCES PROPOSED ENTITLEMENT ISSUE TO EXISTING HOLDERS TO RAISE UP TO $1.8 MILLION