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RAIDEN RESOURCES LIMITED Capital/Financing Update 2010

Sep 29, 2010

65675_rns_2010-09-29_de3fc497-5043-4805-8c07-b45bc294440e.pdf

Capital/Financing Update

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SHELL VILLAGES AND RESORTS LIMITED ABN 68 009 161 522

==> picture [64 x 60] intentionally omitted <==

Suite 20, Level 3, 72 Pitt Street Sydney NSW 2000

30 SEPTEMBER 2010

The Company Announcements Office ASX Limited

RETRACTION OF ANNOUNCEMENT 3[RD] MAY 2010 RE: CAPITAL RAISING OF $370,000

On 3[rd] May 2010 Shell Villages & Resorts Ltd (SVC) made an announcement that it had agreed to place 23,125,000 fully paid ordinary shares at $0.016 shares to raise $370,000 from private investors. SVC has not been able to consummate the issue of shares contemplated under this announcement. As a result SVC is retracting the announcement made on the 3[rd] August 2010.

The current issued capital of the Company remains 43,108,368 which is unchanged since the announcement of 3[rd] May 2010.

B PATKIN DIRECTOR [email protected]

Address for all mail: GPO Box 5188 Sydney NSW 2001 Australia Tel: +61412224225 Fax: +612 9232 8816