Nov 5 (Reuters) - Simble Solutions Ltd SIS.AX :
* SIMBLE RAISES $1.1 MILLION THROUGH ISSUANCE OF 22 MILLION ORDINARY SHARES AT $0.05
* FADI GEHA, CURRENTLY CHIEF EXECUTIVE OFFICER, WILL HAND OVER CEO ROLE TO RONEN GHOSH
* IMPLEMENTS COST REDUCTION INITIATIVES THAT WILL DELIVER IN EXCESS OF $700K IN ANNUALISED COST SAVINGS FOR CY2020