June 12 (Reuters) - Hazer Group Ltd HZR.AX :
* RECEIVED BINDING COMMITMENTS TO RAISE GROSS PROCEEDS OF $8.4 MILLION
* HAZER GROUP ANNOUNCES EXECUTION OF NON-BINDING TERM SHEET FOR $6.0 MILLION SENIOR SECURED LOAN FACILITY
* ISSUE OF 20 MILLION NEW FULLY PAID ORDINARY SHARES AT $0.42 PER SHARE UNDER PLACEMENT