Feb 22 (Reuters) - Crusader Resources Ltd CAS.AX :
* COPULOS GROUP HAS AGREED TO UNDERWRITE $2.5 MILLION OF RIGHTS ISSUE
* STEPHEN COPULOS WILL BE APPOINTED AS NON-EXECUTIVE CHAIRMAN
* CO'S CHAIRMAN, ANDREW VICKERMAN, & MANAGING DIRECTOR, MARCUS ENGELBRECHT, HAVE ELECTED TO STEP DOWN FROM BOARD
* INTENDING TO UNDERTAKE A NON-RENOUNCEABLE PRO RATA ENTITLEMENT OFFER TO ELIGIBLE SHAREHOLDERS TO RAISE ABOUT $4.2 MILLION