AI assistant
CADOUX LIMITED — Capital/Financing Update 2009
Apr 1, 2009
64620_rns_2009-04-01_b57d00e8-cf4a-4797-af9f-a952a6f12846.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [416 x 41] intentionally omitted <==
==> picture [416 x 41] intentionally omitted <==
BALDIVIS PROPERTY VALUATION
SUMMARY
The carrying value of the Company’s property in Baldivis, south of Perth, has been re-appraised in light of current economic conditions.
2 April 2009
A regular re-appraisal of the Company’s land asset located at Baldivis, to the south of the Perth metropolitan area, was undertaken by Licensed Valuers, Quantia Pty Ltd, on behalf of the Company. As a result of the current economic conditions a market value of $1.8 million was recommended by the Valuer if the property was to be put on the market at this time.
The carrying value of the asset will be adjusted in the accounts of the Company.
- End -
Further Information:
Dr David Sparling Chief Operating Officer Tel: (08) 9355 0399 Mob: 0417 721 972 Email: [email protected]
Unit 9, 8 Sarich Way, BENTLEY 6102 Postal: PO Box 1102 EAST VICTORIA PARK WA 6981 Tel: +61 8 9355 0399 Fax: +61 8 9472 0475 Email: [email protected] Website: www.freedomeye.com