July 2 (Reuters) - Emmerson Resources Ltd ERM.AX :
* SECURED COMMITMENTS TO RAISE UP TO $3.5 MILLION (BEFORE COSTS) IN AN OVER-SUBSCRIBED PLACEMENT
* PLACEMENT PRICED AT $0.10 PER SHARE
* PROCEEDS WILL BE DIRECTED TOWARDS ACCELERATING EXPLORATION ACROSS EMMERSON'S 5 NSW PROJECTS