Oct 16 (Reuters) - Progen Pharmaceuticals Ltd PGL.AX :
* Progen to proceed with strategic acquisition of tbg inc.
* Says signed a share sale and purchase agreement to acquire 100% of the issued capital in tbg inc (tbg)
* Agreement to acquire 100% of the issued capital in tbg inc from medigen biotechnology corporation
* Says company will issue 101.7 million new ordinary shares to medigen in consideration
* Proposed to undertake capital raising at a minimum of $0.21 per share to raise a minimum of $10 million and a maximum of $14.5 million
* Source text for Eikon ID:nASX5lJ7tY