June 16 (Reuters) - Integrated Payment Technologies Ltd IP1.AX :
* ANNOUNCES SUCCESSFUL PLACEMENT OF 77M SHARES AT $0.015 PER SHARE TO RAISE $1.2 MILLION
* ANNOUNCES NON-RENOUNCEABLE RIGHTS ISSUE TO RAISE UP TO $2.3 MILLION
* ENTITLEMENT OFFER COMPRISES A 1 FOR 2 PARTIALLY UNDERWRITTEN NON‐RENOUNCEABLE ENTITLEMENT OFFER
* ENTERED NON-BINDING CONDITIONAL TERM SHEET TO ACQUIRE BIZ INTEGRATION PTY LTD
* UP TO 154.4 MILLION NEW SHARES MAY BE ISSUED UNDER ENTITLEMENT OFFER AT $0.015/SHARE