July 15 (Reuters) - Crowd Mobile Ltd CM8.AX :
* Update on track holdings acquisition
* As part of initial round of funding for acquisition of track concepts, Crowd Mobile received an indicative term sheet for US$10 million debt funding
* Negotiations continuing with number of traditional debt and mezzanine funding providers, co remains on track to complete acquisition in August 2015
* Source text for Eikon ID:nASX7lHXhj