Jan 22 (Reuters) - Magnum Mining and Exploration Ltd MGU.AX :
* PLACEMENT
* HAS RECEIVED BINDING COMMITMENTS FOR PLACEMENT OF 50 MILLION NEW FULLY PAID ORDINARY SHARES TO RAISE $2.0 MILLION
Jan 22 (Reuters) - Magnum Mining and Exploration Ltd MGU.AX :
* PLACEMENT
* HAS RECEIVED BINDING COMMITMENTS FOR PLACEMENT OF 50 MILLION NEW FULLY PAID ORDINARY SHARES TO RAISE $2.0 MILLION