July 17 (Reuters) - Powerhouse Ventures Ltd PVL.AX :
* PROPOSED NON-RENOUNCEABLE ENTITLEMENT OFFER OF 1 FULLY PAID ORDINARY SHARE FOR EVERY 1 SHARE HELD
* NEW SHARES AT $A0.05 PER SHARE
* OFFER TO RAISE UP TO A$1.6 MILLION
* FUNDS RAISED WILL BE USED FOR ESTABLISHMENT OF EARLY STAGE COMMERCIALISATION FUND