Oct 19 (Reuters) - Biron Apparel Ltd BIC.AX :
* Acquisition of Superion BIC.AX
* Signed a binding heads of agreement with Superion Property Pty
* Consideration for purchase of 100% of share capital of superion is to be satisfied by issue of 10 million ordinary shares in Biron
* Says Biron will complete a share consolidation and pre-emptive capital raising prior to the completion of the transaction
* Completion of the proposed acquisition will result in Biron changing direction of its business by entering into agriculture sector
* Says minimum amount of capital to be raised by Biron to complete the
transaction has been set at $3.5 million
* Source text for Eikon ID:nASX36tYfx
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