Sept 22 (Reuters) - Acceleware Ltd AXE.V :
* May issue up to about 18.2 million units at a price of $0.11 per unit
* Says co proposes to complete a non-brokered private placement of units to raise gross proceeds of up to $2,000,000
* To use proceeds to continue to develop and field test its radio frequency RF XL heavy oil and oil sands extraction technology Source text for Eikon: ID:nCNWfjMcja Further company coverage: AXE.V