Feb 7 (Reuters) - Hammer Metals Ltd HMX.AX :
* HAMMER METALS LTD - TERMS AGREED FOR SHARE PLACEMENT TO RAISE $1 MILLION
* HAMMER METALS LTD - PLACEMENT OF ABOUT 50 MILLION SHARES AT $0.02 PER SHARE
Feb 7 (Reuters) - Hammer Metals Ltd HMX.AX :
* HAMMER METALS LTD - TERMS AGREED FOR SHARE PLACEMENT TO RAISE $1 MILLION
* HAMMER METALS LTD - PLACEMENT OF ABOUT 50 MILLION SHARES AT $0.02 PER SHARE