June 2 (Reuters) - Resources & Energy Group Ltd REZ.AX :
* Placement of 11m shares in rez REZ.AX
* Says has raised $1.1M before costs by the placement of 11m fully paid ordinary shares
* Intends to use the funds towards development of co's gold projects including radio gold mine and Mt Mackenzie projects
* Source text for Eikon ID:nASXYWCSh