Nov 13 (Reuters) - Webcentral Group Ltd WCG.AX :
* TAKEOVER UPDATE AND CAPITAL RAISING
* GOT COMMITMENTS FOR EQUITY SUBSCRIPTION PACKAGE OF ABOUT $5.6M BEFORE EXPENSES
* ISSUE PRICE OF $0.17 PER SHARE
* JOE GANGI APPOINTED AS NON-EXECUTIVE CHAIRMAN
* GLEN DYMOND APPOINTED CFO
* JOE DEMASE BEEN APPOINTED AS MANAGING DIRECTOR