July 26 (Reuters) - Serengeti Resources Inc SIR.V
* Serengeti receives POSCO Daewoo's notification to exercise its option to fund $7 million to Advance Kwanika copper-gold project
* Serengeti - Daewoo Minerals Canada, a canadian unit of POSCO Daewoo exercised right to earn additional 30% interest in Kwanika copper gold project