Jan 23 (Reuters) - Wattle Health Australia Ltd WHA.AX :
* LAUNCHED RIGHTS ISSUE OF UP TO 99.3 MILLION SHARES AT OFFER PRICE OF A$0.40 EACH, TO RAISE A$39.7 MILLION
* NEW SHARES WILL BE OFFERED ON BASIS OF ONE NEW SHARE FOR EVERY TWO HELD BY ELIGIBLE SHAREHOLDERS
* FUNDS RAISED UNDER RIGHTS OFFER TO FUND ACQUISITION OF BLEND AND PACK