Oct 2 (Reuters) - TNG Ltd TNG.AX :
* INTENDS TO UNDERTAKE A 1-FOR-9 NON-RENOUNCEABLE PRO RATA ENTITLEMENT ISSUE TO RAISE UP TO A$12.5M
* ENTITLEMENT ISSUE FOR ISSUE PRICE OF $0.10 PER NEW SHARE
* FUNDS RAISED TO BE USED FOR MOUNT PEAKE PROJECT AND CO'S GENERAL WORKING CAPITAL