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RAIDEN RESOURCES LIMITED Capital/Financing Update 2013

Oct 24, 2013

65675_rns_2013-10-24_a4450516-403c-47b8-8395-087f9183d036.pdf

Capital/Financing Update

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ASX Announcement

Friday 25 October 2013

Redeemable Convertible Notes Not Proceeding

SubZero Group Limited ( the Company ) (ASX Code: SZG) advises that notwithstanding a positive response to its proposed issue of redeemable convertible notes (Notes) after reviewing subsequently submitted alternative funding and capital raising proposals the directors have resolved not to proceed with the issue of Notes.

The Company is currently negotiating terms and arrangements for a number of other funding alternatives which will be announced when terms are finally agreed and the arrangements are ready for implementation.

For further information:

Scott Farrell – 0438 251 699 Managing Director SubZero Group Limited

About SubZero Group Limited

The SubZero Group carries on an established mining service business based in the Hunter Valley, New South Wales. Its clients are almost exclusively involved in the Hunter Valley thermal coal mining industry. SubZero Group’s services include Mechanical Support (on and off-site mining machinery support), Structural Support (on and off-site engineering support) and Production Support (mining production support). SubZero has a presence in over 25 coal mines and over 90 clients including Rio Tinto, BHP Billiton and Xstrata. Further information can be found at the SubZero website: www.subzeroservices.com.au