Jan 20 (Reuters) - Venture Minerals Ltd VMS.AX :
* VENTURE MINERALS LTD - WILL UNDERTAKE PLACEMENT OF 181.8 MILLION SHARES AT $0.055 EACH TO RAISE $10 MILLION
* VENTURE MINERALS - FULL FUNDING FOR RILEY IRON ORE MINE WET SCREENING PLANT & FIRST SHIPMENT WORKING CAPITAL COMPLETE