March 25 (Reuters) - Shree Minerals Ltd SHH.AX :
* OVERSUBSCRIBED PLACEMENT RAISES $3,000,000
* PLACEMENT AT $0.012 PER SHARE BEFORE COSTS
* FUNDS RAISED WILL BE APPLIED TOWARD NELSON BAY RIVER DIRECT SHIPPING IRON ORE PROJECT
March 25 (Reuters) - Shree Minerals Ltd SHH.AX :
* OVERSUBSCRIBED PLACEMENT RAISES $3,000,000
* PLACEMENT AT $0.012 PER SHARE BEFORE COSTS
* FUNDS RAISED WILL BE APPLIED TOWARD NELSON BAY RIVER DIRECT SHIPPING IRON ORE PROJECT