Jan 24 (Reuters) - Cradle Resources Ltd CXX.AX :
* ANNOUNCES IT HAS PLACED 24.2 MILLION SHARES AT AN ISSUE PRICE OF $0.12 PER SHARE
* CRADLE RESOURCES LTD - EXPECTS GROSS PROCEEDS OF $2.9 MILLION
Jan 24 (Reuters) - Cradle Resources Ltd CXX.AX :
* ANNOUNCES IT HAS PLACED 24.2 MILLION SHARES AT AN ISSUE PRICE OF $0.12 PER SHARE
* CRADLE RESOURCES LTD - EXPECTS GROSS PROCEEDS OF $2.9 MILLION