July 9 (Reuters) - KGL Resources Ltd KGL.AX :
* KGL RESOURCES- ENTITLEMENT OFFER TO RAISE ABOUT $3.991 MILLION
* KGL RESOURCES LTD-ENTITLEMENT OFFER AT $0.16 PER NEW SHARE
* KGL RESOURCES- PROCEEDS FROM ENTITLEMENT OFFER WILL BE USED TO COMPLETE NECESSARY PRE-DEVELOPMENT MODELLING & COSTINGS FOR JERVOIS PROJECT