BRIEF-Saracen Mineral to raise new equity of about $61.2 mln

Feb 25 (Reuters) - Saracen Mineral Holdings Ltd SAR.AX :

* Share placement & entitlement offering SAR.AX

* Says the issue price for shares offered under both the placement and entitlement offer will be A$0.31 per new share

* Says to raise new equity of about $61.2 million (before costs) via institutional placement and accelerated pro-rata non-renounceable entitlement offer

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