Dec 24 (Reuters) - Lawfinance Ltd LAW.AX :
* LAWFINANCE LTD - CO COMPLETED US$3.4 MILLION EQUITY PLACEMENT WITH EXISTING AND NEW SOPHISTICATED INVESTORS AT 6.4CPS
* LAWFINANCE LTD- FURTHER CAPITAL RAISING TO BE UNDERTAKEN VIA A 1:1 PRO-RATA NON-RENOUNCEABLE ENTITLEMENT OFFER AT 6.4 CENTS PER SHARE
* LAWFINANCE LTD - AN EGM WILL BE CALLED TO SEEK SHAREHOLDER APPROVAL TO CONVERT EXISTING DEBT INTO DEBT AND EQUITY INSTRUMENTS