Dec 3 (Reuters) - Santana Minerals Ltd SMI.AX :
* SANTANA MINERALS LTD - RECEIVED BINDING COMMITMENTS FROM PROFESSIONAL AND SOPHISTICATED INVESTORS TO RAISE MINIMUM OF $3 MILLION
* SANTANA MINERALS- FUNDS FROM PLACEMENT WILL BE USED FOR ACQUISITION OF ASSETS FROM MEKONG MINERALS AND DRILLING AT PHU LON NICKEL SULPHIDE PROSPECT