Jan 23 (Reuters) - Po Valley Energy Ltd PVE.AX :
* REACHED AGREEMENTS TO RAISE £14 MILLION (A$24.3 MILLION) AT AN ISSUE PRICE OF 4.38P PER SAFFRON ORDINARY SHARE
* PO VALLEY ENERGY- SAFFRON ENERGY TO BUY ONSHORE & OFFSHORE OIL & GAS ASSETS IN NORTHERN ITALY HELD BY PO VALLEY OPERATIONS