Oct 13 (Reuters) - ParaZero Ltd PRZ.AX :
* TO ACQUIRE 100% OF ISSUED SHARE CAPITAL OF DELTA DRONE SOUTH AFRICA
* WILL SEEK ASX RELISTING WITH MERGER & PROPOSED CAPITAL RAISING OF BETWEEN A$3.5M & A$5.0M AT ISSUE PRICE OF $0.04 CENTS PER SHARE
* TO BUY DELTA DRONE SOUTH AFRICA FROM DELTA DRONE SA
* AS CONSIDERATION CO TO ISSUE 203.5 MILLION ORDINARY SHARES & UP TO 45 MILLION PERFORMANCE SHARES TO DELTA DRONE SA