Feb 24 (Reuters) - Lotus Resources Ltd LOT.AX :
* SHARE PLACEMENT TO RAISE $12.5 MILLION
* RECEIVED BINDING COMMITMENTS TO RAISE $12.5 MILLION VIA PLACEMENT OF 100 MILLION SHARES AT $0.125 PER SHARE
Feb 24 (Reuters) - Lotus Resources Ltd LOT.AX :
* SHARE PLACEMENT TO RAISE $12.5 MILLION
* RECEIVED BINDING COMMITMENTS TO RAISE $12.5 MILLION VIA PLACEMENT OF 100 MILLION SHARES AT $0.125 PER SHARE