June 10 (Reuters) - Mach7 Technologies Ltd M7T.AX :
* TO ACQUIRE CLIENT OUTLOOK GROUP AND LAUNCH CAPITAL RAISING
* ACQUIRING CLIENT OUTLOOK FOR CA$38.5M ALL CASH
* TO FUND ACQUISITION VIA ENTITLEMENT OFFER AND PLACEMENT TO RAISE A$34.8 MILLION
* ACQUISITION INCREASES CONTRACTED ANNUAL RECURRING REVENUES BY 70% TO $14.75 MILLION
* PLACEMENT, ENTITLEMENT OFFER TO BE ISSUED AT $0.68 PER SHARE