Oct 22 (Reuters) - Freehill Mining Ltd FHS.AX :
* SIGNED A DRILLING CONTRACT WITH MAJOR DRILLING GROUP INTERNATIONAL IN CHILE
* ANNOUNCES ENTITLEMENT OFFER OF 1 NEW FULLY PAID ORDINARY SHARE IN FHS FOR EVERY 2 SHARES AT $0.015 PER NEW SHARE
* ENTITLEMENT OFFER IS SEEKING TO RAISE ABOUT $3.1 MILLION BEFORE COSTS AND EXPENSES