Jan 22 (Reuters) - Raven Energy Ltd REL.AX :
* AGREED TO TERMS WITH SACGASCO TO DIVEST OF ITS INTEREST IN DEMPSEY PROJECT, HELD VIA UNIT BOMBORA NATURAL ENERGY
* UNDER DIVESTMENT TERMS, SGC TO ISSUE 2 MILLION ORDINARY FULLY PAID SHARES TO CO, WHICH WILL BE SUBJECT TO 12- MONTH ESCROW
* PLANS SPP TO RAISE UP TO $1 MILLION AT $0.001 PER SHARE; PARTICIPANTS TO GET 1 FREE ATTACHING OPTION FOR EVERY 2 SHARES SUBSCRIBED FOR