Dec 1 (Reuters) - Hot Chili Ltd HCH.AX :
* $25.6M FUNDING ACCELERATES CORTADERA ACQUISITION & DRILLING-HCH.AX
* PLACEMENT VIA ISSUE OF 609.8 MILLION NEW SHARES AT 4.2 CENT PER SHARE
* PROCEEDS TO BE USED FOR PAYMENT OF SECOND INSTALMENT OF US$10 MILLION FOR PURCHASE OF CORTADERA COPPER-GOLD DISCOVERY, CHILE