July 7 (Reuters) - Zenith Minerals Ltd ZNC.AX :
* RAISES $5 MILLION IN OVERSUBSCRIBED PLACEMENT
* PLACEMENT TO ACCELERATE ACTIVE EXPLORATION PROGRAM ON ZENITH'S CORE GOLD PROJECTS
* TOTAL OF 51 MILLION NEW FULLY PAID ORDINARY SHARES WILL BE ISSUED AT PLACEMENT ISSUE PRICE OF $0.10 PER NEW SHARE