July 2 (Reuters) - Speciality Metals International Ltd SEI.AX :
* TO UNDERTAKE A CAPITAL RAISE TO RAISE ABOUT $2.9 MILLION VIA PRO-RATA NON RENOUNCEABLE ENTITLEMENT OFFER
* OFFER ENTITLES ELIGIBLE SHAREHOLDERS TO BUY 1 NEW SHARE FOR EVERY 5 EXISTING SHARES HELD IN CO AT 0.018 CENTS/SHARE