Feb 22 (Reuters) - Aft Corporation Ltd AFT.AX :
* SIGNED BINDING CONDITIONAL TERM SHEET WITH PET CARE PLATFORM INNOVATOR PETBACKER PTE. LTD
* CO TO SUBSCRIBE FOR 50 PERCENT OF CAPITAL IN PETBACKER PTY FOR $AUD1.8 MILLION
* CO TO RAISE AT LEAST $AUD2 MILLION