March 22 (Reuters) - Tando Resources Ltd TNO.AX :
* TANDO HAS ENTERED INTO A BINDING HEADS OF AGREEMENT TO ACQUIRE SPD VANADIUM PROJECT VIA STAGED ALL-SCRIP PAYMENTS
* TOTAL CONSIDERATION UNDER HOA IS 35 MILLION SHARES AT A DEEMED PRICE OF 30CPS
* PROPOSES TO RAISE A$2 MILLION AT $0.40 PER SHARE