July 6 (Reuters) - Element 25 Ltd E25.AX :
* RECEIVED COMMITMENTS TO RAISE UP TO $3.5 MILLION
* PLACEMENT AT ISSUE PRICE OF $0.40 PER SHARE
* FUNDS RAISED WILL ALLOW CO TO ACCELERATE DEVELOPMENT OF BUTCHERBIRD MANGANESE PROJECT
July 6 (Reuters) - Element 25 Ltd E25.AX :
* RECEIVED COMMITMENTS TO RAISE UP TO $3.5 MILLION
* PLACEMENT AT ISSUE PRICE OF $0.40 PER SHARE
* FUNDS RAISED WILL ALLOW CO TO ACCELERATE DEVELOPMENT OF BUTCHERBIRD MANGANESE PROJECT