Nov 13 (Reuters) - Quest Minerals Ltd QNL.AX
* Entered binding heads of agreement to acquire Austrian Projects Corp
* As part of transaction, co intends to raise $4.5 million at an issue price of $0.03 per ordinary fully paid share
* Consideration includes 186 million ordinary shares in co, 65 million options, & 240 million performance shares
* Consideration includes payment of net smelter royalty of 2.5 pct of all gold produced from Austrian gold projects for payment of US$2.5 million
* Upon deal completion, Torey Marshall to be appointed managing director/CEO