Sept 23 (Reuters) - Hot Chili Ltd HCH.AX :
* SUCCESSFULLY ARRANGED A AUD$12.1 MILLION INSTITUTIONAL- LED PRIVATE PLACEMENT THROUGH ISSUE OF NEW SHARES AT 3.6 CENTS PER SHARE
* FUNDS RAISED TO BE USED FOR REMAINING US$3 MILLION PART-PAYMENT FOR FIRST INSTALMENT OF CAROLA OPTION AGREEMENT, AMONG OTHER THINGS