June 29 (Reuters) - Genenews Ltd GEN.TO
* GENENEWS SIGNS BINDING COMMITMENT LETTER WITH MILOST GLOBAL FOR US$10 MILLION FINANCING
* GENENEWS LTD SAYS INITIAL US$3 MILLION CONVERTIBLE NOTE PLACEMENT TO COMMENCE IMMEDIATELY
* PROCEEDS RAISED FROM MESA WILL BE USED FOR WORKING CAPITAL AND CORPORATE GROWTH PURPOSES Source text for Eikon: ID:nPn9DsZmta Further company coverage: GEN.TO