March 1 (Reuters) - Smart Marine Systems Ltd (SM8) :
- HAS ENTERED INTO A BINDING TERM SHEET TO ACQUIRE 100% OF EVOLUTION SUBSEA PTY LTD
- CO WILL ACQUIRE 100% OF HARVEST FOR 15 MILLION SHARES ISSUED AT A PRICE OF 2.2 CENTS EACH
- CO SEEKS TO RAISE UP TO $2.5 MILLION IN WORKING CAPITAL
