Dec 11 (Reuters) - Hastings Technology Metals Ltd HAS.AX :
* HASTINGS TECHNOLOGY METALS- RECEIVED FIRM COMMITMENTS TO RAISE A$12 MILLION BEFORE COSTS IN A SHARE PLACEMENT TO INSTITUTIONAL AND SOPHISTICATED INVESTORS
* HASTINGS TECHNOLOGY METALS LTD- FUNDS RAISED WILL BE USED TO FURTHER DEVELOPMENT OF YANGIBANA RARE EARTHS PROJECT