April 1 (Reuters) - Gascoyne Resources Ltd GCY.AX :
* GASCOYNE RESOURCES LTD ANNOUNCES 4 FOR 5 NON-RENOUNCEABLE FULLY UNDERWRITTEN ENTITLEMENT OFFER TO RAISE ABOUT $20.6 MILLION
* GASCOYNE RESOURCES - RECEIVED FIRM COMMITMENTS FOR A PLACEMENT TO INVESTORS OF 77.3 MILLION ORDINARY SHARES IN CO AT AN ISSUE PRICE OF $0.05 PER SHARE