Midwest to issue A$19.3 mln in new shares

SYDNEY, July 10 (Reuters) - Australian iron ore group Midwest Corp MIS.AX said it plans to issue just over three million new shares if China's Sinosteel succeeds in acquiring over 50 percent of the company.

The sale will raise A$19.3 million ($18.4 million), which Midwest said would be used to pay the fees of its corporate adviser Morgan Stanley. ($1=A$1.05) (Reporting by Denny Thomas)