CADOUX LIMITED — Capital/Financing Update 2010

Feb 18, 2010

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19 February 2010

The Manager ASX Limited (“ASX”) Company Announcements Office

Dear Sir

Minimum Subscription Raised

The Directors of Freedom Eye Ltd (ASX: FYI) advise that the minimum subscription of $1.6 million has been received under the prospectus issued 27 November 2009.

On reaching the minimum subscription the following actions approved by shareholders at the meeting held 30 November 2009 will commence:

• Reorganisation of capital (consolidation on a 1 for 30 basis)

• Issue of 8 million (post reorganisation basis) new shares

• Completion of the purchase of the Yarlarweelor tenement with confirmation from ASX of conditional approval of compliance with chapters 1 and 2 of the Listing Rules and the issue of 12.8 million shares (post reorganisation basis) to Empire Resources Limited

o Change of company name from Freedom Eye Ltd to FYI Resources Ltd

The timetable for the consolidation of capital is as follows:

The timetable for the consolidation of capital is as follows:
Event	Date
Inform ASX of Company meeting minimum subscription	19 February 2010
condition for shareholder approval of reorganisation of
capital.
Reorganised securities quoted on a deferred settlement	23 February 2010
basis.
Record Date and register securities on a post‐reorganisation	1 March 2010
basis and issue holding statements
Despatch date and deferred settlement market ends	2 March 2010

The Company will continue to move towards compliance with chapters 1 and 2 of the Listing Rules and the recommencement of trading in the Company’s shares.

Yours faithfully

Russell Barnett

Chairman

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: info@solbec.com.au Website: www.freedomeye.com.au