June 1 (Reuters) - Sino-Excel Energy Ltd (SLE) :
- Acquisition - term sheet signed (SLE)
- to acquire engineering equipment and services businesses in the upstream oil and gas industry
- SLE is proposing to conduct a capital raising for a minimum amount of $3 million
- Entered into a term sheet relating to the proposed acquisition (acquisition) of Solidgro Energy Sdn Bhd
- Frank Licciardello has been appointed to the board as chairman
- Proposed acquisition of Solidgro Energy Sdn Bhd, Color Ocean Energy Limited and Geopremium Sdn Bhd
