April 12 (Reuters) - Gage Roads Brewing Co Ltd GRB.AX :
* TO RAISE $8 MILLION VIA PLACEMENT OF SHARES AT $0.095 PER SHARE
* TARGETING ADDITIONAL EARNINGS OF $1.5 MILLION TO $2.5 MILLION BY FY22
* CAPITAL RAISED WILL BE APPLIED TOWARDS IMPLEMENTATION OF COMPANY'S PACKAGING LINE EXPANSION PROGRAMME
* ANNOUNCES PACKAGING LINE EXPANSION WITH PROJECT COSTS OF $7.8 MILLION