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RAIDEN RESOURCES LIMITED Capital/Financing Update 2009
65675_rns_2009-04-20_67afefc3-4393-4d15-beee-57bce706410a.pdf
Capital/Financing Update
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20th April 2009
Dear Shareholder
The Company is pleased to advise the sale of Brisbane River Terraces Village for the sum of \$7,800,000.
The sale allows the Company to retire \$7.8 million worth of bank and private debt as part of a restructuring Plan to enable SVC to take advantage of new Business opportunities.
The sale is subject to share holder approval as part of a General Meeting to be called as soon as possible. The Company will also put to shareholders the acquisition of new property investments which the Company is looking to finalise over the next three weeks.
Yours faithfully
Corey Budd MANAGING DIRECTOR