Nov 20 (Reuters) - Saracen Mineral Holdings Ltd SAR.AX :
* ANNOUNCES SUCCESSFUL COMPLETION OF BOTH INSTITUTIONAL PLACEMENT AND INSTITUTIONAL COMPONENT
* INSTITUTIONAL PLACEMENT RAISED APPROXIMATELY A$369 MILLION AT AN OFFER PRICE OF A$2.95 PER SHARE
* RETAIL COMPONENT OF ENTITLEMENT OFFER WILL SEEK TO RAISE UP TO ABOUT A FURTHER A$95 MILLION