Oct 18 (Reuters) - Propel Funeral Partners Ltd PFP.AX :
* EXECUTED SALE AGREEMENT TO ACQUIRE BUSINESS TRADING AS GRAHAM'S FUNERAL SERVICES, AND CERTAIN FREEHOLD PROPERTIES
* PURCHASE PRICE PAYABLE INCLUDES ABOUT NZ$7.28 MILLION IN CASH FOR ACQUISTION
* GRAHAM'S FUNERAL SERVICES IS EXPECTED TO INCREASE PROPEL'S ANNUALISED REVENUE BY CIRCA 2.1%
* PURCHASE PRICE PAYABLE ON TRANSACTION ALSO INCLUDES ISSUE OF 227,510 ORDINARY SHARES OF CO AT A$3.07 PER SHARE
* INTENDS TO FUND CASH AMOUNT PAYABLE ON COMPLETION FROM ITS DEBT FACILITIES