May 3 (Reuters) - Battery Minerals Ltd BAT.AX :
* TERM SHEET SIGNED FOR US$25 MILLION TERM LOAN & US$5 MILLION EQUITY RAISE
* RESOURCE CAPITAL FUNDS TO SUBSCRIBE FOR US$5 MILLION IN PROPOSED PLACEMENT
* WILL BORROW US$25 MILLION FROM RESOURCE CAPITAL FUND VII L.P.; INTEREST RATE 10 PERCENT PER ANNUM