Oct 23 (Reuters) - Vimy Resources Ltd VMY.AX :
* TO ISSUE 77.87 MILLION SHARES AT AN ISSUE PRICE OF $0.05 PER SHARE
* SHARE PURCHASE PLAN WILL SHORTLY BE OFFERED TO ELIGIBLE SHAREHOLDERS TO RAISE UP TO AN ADDITIONAL A$3.0 MILLION
* FUNDS RAISED FROM PLACEMENT TO BE USED FOR PROGRESSING ALLIGATOR RIVER PROJECT AND MULGA ROCK PROJECT