Dec 4 (Reuters) - Papyrus Australia Ltd PPY.AX :
* RECEIVED FIRM COMMITMENTS TO RAISE $3.0 MILLION VIA PLACEMENT OF 60 MILLION NEW SHARES
* PLACEMENT AT ISSUE PRICE OF $0.05 PER SHARE
Dec 4 (Reuters) - Papyrus Australia Ltd PPY.AX :
* RECEIVED FIRM COMMITMENTS TO RAISE $3.0 MILLION VIA PLACEMENT OF 60 MILLION NEW SHARES
* PLACEMENT AT ISSUE PRICE OF $0.05 PER SHARE