May 7 (Reuters) - Magnum Mining and Exploration Ltd MGU.AX :
* REACHED AGREEMENTS TO RAISE $6 MILLION VIA A PRIVATE PLACEMENT
* PLACEMENT AT ISSUE PRICE OF 15 CENTS/SHARE
May 7 (Reuters) - Magnum Mining and Exploration Ltd MGU.AX :
* REACHED AGREEMENTS TO RAISE $6 MILLION VIA A PRIVATE PLACEMENT
* PLACEMENT AT ISSUE PRICE OF 15 CENTS/SHARE