Sept 10 (Reuters) - Nearmap Ltd NEA.AX :
* CAPITAL RAISING TO ACCELERATE GROWTH OPPORTUNITIES-NEA.AX
* LAUNCHES INSTITUTIONAL PLACEMENT TO RAISE A MAXIMUM OF $70 MILLION AND SHARE PURCHASE PLAN TO RAISE $20 MILLION
* INSTITUTIONAL PLACEMENT HAS AN UNDERWRITTEN FLOOR PRICE OF $2.69 PER SHARE
* NON-EXEC DIRECTOR ROSS NORGARD SELLING 4.2 MILLION SHARES OF HIS HOLDING, REPRESENTING 0.9% OF TOTAL SHARES OUTSTANDING