Feb 21 (Reuters) - Birrabong Corporation Ltd BIR.AX :
* SIGNED TERMS SHEET WITH ANDREW BRAUND AND PULSE MARKETS PTY TO BUY PULSE MARKETS, IN RETURN FOR EQUITY IN BIR
* CO TO ISSUE PULSE SHAREHOLDER 15.8 MILLION FULLY PAID ORDINARY SHARES IN CO AT A$0.20 PER SHARE AS CONSIDERATION