Nov 7 (Reuters) - Katanga Mining Ltd KAT.TO :
* KATANGA MINING ANNOUNCES RIGHTS OFFERING BACKSTOPPED BY GLENCORE TO FUND DEBT REPAYMENT
* KATANGA MINING LTD - COMPANY TO RAISE AN ESTIMATED CDN$7.6 BILLION UNDER DISCOUNTED RIGHTS OFFERING
* KATANGA MINING LTD - GLENCORE TO PROVIDE FULL STANDBY COMMITMENT
* KATANGA MINING LTD - US$5.8 BILLION IN DEBT OWED TO GLENCORE TO BE REPAID
* KATANGA MINING LTD - APPROXIMATELY US$1.5 BILLION RESIDUAL DEBT TO GLENCORE TO REMAIN OUTSTANDING UNTIL 2023
* KATANGA MINING LTD - GLENCORE IS NOT COMMITTING ANY NEW MONIES TO KATANGA AS A RESULT OF RIGHTS OFFERING