Sept 12 (Reuters) - K2FLY Ltd K2F.AX :
* CAPITAL RAISING BY WAY OF A FULLY UNDERWRITTEN NON-RENOUNCEABLE PRO-RATA RIGHTS ISSUE TO RAISE $1.8 MILLION
* UNDER RIGHTS ISSUE, SHAREHOLDERS CAN SUBSCRIBE FOR 1 NEW SHARE FOR EVERY EXISTING 10 SHARES THEY HOLD AT ISSUE PRICE OF $0.30 PER SHARE