July 8 (Reuters) - Galena Mining Ltd G1A.AX :
* GALENA MINING- ACCEPTED BINDING COMMITMENTS FOR A PLACEMENT OF 57.2 MILLION NEW SHARES AT $0.21 PER SHARE
* GALENA MINING LTD-GALENA RAISES $12 MILLION BEFORE COSTS
* GALENA MINING- PROCEEDS FROM PLACEMENT WILL BE USED TO UNDERTAKE OPTIMISATION DRILLING AT ABRA BASE METALS PROJECT