Nov 7 (Reuters) - Sunstone Metals Ltd STM.AX :
* RECEIVED FIRM COMMITMENTS TO RAISE ABOUT $2.0 MILLION VIA SHARE PLACEMENT AT A PRICE OF 3.0 CENTS PER SHARE
* PROCEEDS OF PLACEMENT TO BE USED TO FUND EXPLORATION AT BRAMADEROS GOLD-COPPER PROJECT IN SOUTHERN ECUADOR, AND FOR WORKING CAPITAL