June 6 (Reuters) - Peel Mining Ltd PEX.AX :
* RAISES $7 MILLION TO ADVANCE COBAR DEPOSITS TOWARDS DEVELOPMENT
* PLACEMENT COMPRISED ISSUE OF 22.6 MILLION SHARES AT $0.31 EACH
June 6 (Reuters) - Peel Mining Ltd PEX.AX :
* RAISES $7 MILLION TO ADVANCE COBAR DEPOSITS TOWARDS DEVELOPMENT
* PLACEMENT COMPRISED ISSUE OF 22.6 MILLION SHARES AT $0.31 EACH