Dec 11 (Reuters) - Murray River Organics Ltd MRG.AX :
* RESTRUCTURED ITS RELATIONSHIP WITH ARROW FUNDS MANAGEMENT IN RELATION TO COLIGNAN FARM
* ENTERED INTO 3 YEAR OFF-TAKE AGREEMENT FOR DRIED VINE FRUIT GROWN ON COLIGNAN FARM
* CO WILL EXIT CURRENT COLIGNAN FARM LEASE ON 11 DEC 2019 WITH ARROW TO ASSUME OPERATIONS OF COLIGNAN
* CAPITAL RAISING DISCUSSIONS WITH EXISTING & NEW MRG SHAREHOLDERS UNDERWAY; RAISING IS EXPECTED TO BE MINIMUM OF $20 MILLION