April 16 (Reuters) - Prospect Resources Ltd PSC.AX :
* PROSPECT RESOURCES- RECEIVED SUBSCRIPTIONS FOR ABOUT 41.9 MILLION NEW ORDINARY SHARES AT A$0.155 PER SHARE TO RAISE A$6.5M BEFORE COSTS
* PROSPECT RESOURCES- PLACEMENT PROCEEDS TO BE USED TO COMPLETE ACQUISITION OF ADDITIONAL 17% PROJECT EQUITY IN ARCADIA