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RAIDEN RESOURCES LIMITED — Capital/Financing Update 2008
Oct 22, 2008
65675_rns_2008-10-22_921baee6-1e54-41c4-badc-3fe56a08f4c1.pdf
Capital/Financing Update
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VILLAGES AND RESORTS LIMITED
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23[rd] October 2008
Company Announcements Office Australian Stock Exchange Limited SYDNEY NSW 2000
Dear Shareholder
Shell Villages and Resorts Limited (ASX:SVC) is very pleased to announce the sale of the Hunter Valley Village ‘Shell Villages and Resorts Hunter Valley” this sale was completed on the 3[rd] October 2008.
The sale price of $3,750,000 realizes a profit in excess of $650,000 in a timeframe of 16 months. The Management Team of SVC is very pleased with this outcome and is inline with maximizing shareholder wealth and minimizing the Company debt.
The Company has also finalized a signed “Term Sheet” for the sale of Shell Villages and Resorts BRT Pty Ltd, management continue to move towards the completion of this deal.
Corey Budd
Corey Budd Managing Director