July 27 (Reuters) - Peel Mining Ltd PEX.AX :
* INTENDS TO ACQUIRE CBH RESOURCES LTD'S 50% SHARE OF MALLEE BULL JOINT VENTURE
* UNDERTAKING A CAPITAL RAISING OF $17.1 MILLION
* FULLY UNDERWRITTEN 1:8 PRO-RATA NON-RENOUNCEABLE ENTITLEMENT OFFER AT $0.175 PER SHARE TO RAISE UP TO $6.6 MILLION
* PLACEMENT TO RAISE $10.5 MILLION