May 3 (Reuters) - Engage:BDR Ltd EN1.AX :
* ENTERED BINDING TERM SHEET TO BUY ADCEL INC. FOR $4.5 MILLION
* CONSIDERATION PAYABLE IN FULLY PAID SHARES IN CO TO BE ISSUED TO VENDORS AT EQUIVALENT OF $0.22 CENTS PER SHARE, USD $1 MLN IN CASH
* PROPOSED ADCEL ACQUISITION EXPECTED TO IMMEDIATELY ADD A$2 MLN IN REVENUES IN FIRST FULL YEAR AFTER COMPLETION
* CONDUCTED ASSOCIATED CAPITAL RAISING, TO RAISE AUD$2 MLN AT $0.16 CENTS PER SHARE