Oct 25 (Reuters) - 3D Medical Ltd 3DM.AX :
* 3dm and mach7 enter into binding merger agreement 3DM.AX
* Entered into binding heads of agreement to merge with Mach7 Technologies Pte. Ltd. (Mach7) through acquisition of 100% of the issued capital of Mach7
* Merger with Mach7 will involve the issue of 459.5m shares to the owners of Mach7 in return for 100% of the shares in Mach7
* Proposed merger is subject to certain closing conditions including 3dm obtaining shareholder approval, 3dm raising a minimum of $10 million
* Says proposed merger is expected to complete in January 2016 after a general meeting of 3dm's shareholders
* 3dm intends to raise up to $4 million with the issue of 53 million shares under a share placement to institutional investors
* Says 3dm will undertake a series of capital raisings to raise a minimum of AUD$10 million in new capital
* Upon completion, co will propose to appoint Albert Liong as managing director of group. Currently, Liong is CEO of Mach7 technologies
Source text for Eikon ID:nASX7TL3rZ