June 1 (Reuters) - Sino-Excel Energy Ltd SLE.AX :
* Acquisition - term sheet signed SLE.AX
* 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
* Source text for Eikon ID:nASX483bPs