March 16 (Reuters) - Peel Mining Ltd PEX.AX :
* NON-RENOUNCEABLE ENTITLEMENT OFFER-PEX.AX
* SEEKING TO RAISE UP TO APPROXIMATELY $13.6 MILLION THROUGH A PRO RATA NON-RENOUNCEABLE ENTITLEMENT OFFER
* PROCEEDS FROM OFFER TO FUND COMPLETION OF RESOURCE DRILLING AND ESTIMATION AT WIRLONG, MALLEE BULL AND SOUTHERN NIGHTS
* ISSUE PRICE OF $0.265 PER SHARE