May 29 (Reuters) - Defense Metals Corp DEFN.V :
* DEFENSE METALS CORP. ANNOUNCES PRIVATE PLACEMENT AND GRANTS STOCK OPTIONS
* DEFENSE METALS - INTENDS TO COMPLETE A NON-BROKERED PRIVATE PLACEMENT OF UP TO 3.3 MILLION UNITS AT $0.15 PER UNIT FOR GROSS PROCEEDS OF UP TO $500,000
* DEFENSE METALS - EACH WARRANT EXERCISABLE TO PURCHASE ONE SHARE OF CO AT $0.30 PER SHARE FOR PERIOD OF 12 MONTHS FROM DATE OF CLOSING OF PLACEMENT