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RAIDEN RESOURCES LIMITED Capital/Financing Update 2012

Feb 8, 2012

65675_rns_2012-02-08_edc00282-be64-4fa3-b8c5-1d6fba75e891.pdf

Capital/Financing Update

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SVC Group Limited

ACN 009 161 522

Level 9, 5 Hunter Street Sydney, NSW 2000

Company Announcements Office Australian Securities Exchange 20 Bond Street Sydney NSW 2000

9[th] February 2012

– Corporate Advisory Mandate Alto Capital

The Directors of SVC Group Limited have executed a Corporate Advisory Mandate with Alto Capital of Subiaco, Perth to act as exclusive corporate advisor in relation to a proposed Capital Raising of $1,300,000 to $1,700,000. Under this agreement Alto Capital has agreed to provide the following commercial advisory services;

  1. assist with the identification and introduction (subject to obtaining the consent of the Shareholders) of investors to complete the proposed capital Raising of $1,300,000 to $1,700,000;

  2. advise on an ongoing basis as part of Altos role as Corporate advisor post re-quotation, assistance will include identification and reviewing of potential acquisitions;

  3. provide the Board of Directors of the Company with commercial advice on the merit, or otherwise, of proceeding with any proposed transaction;

  4. consider and advise on structuring alternatives;

  5. assist with the due diligence (as required);

  6. assist with the scoping of the roles and cost management of other advisors/experts participating in the Transaction and the management of these parties to ensure timely completion of major milestones and budget commitments;

The Company has been in discussion with, and received advice from Alto Capital in relation to obtaining re-capitalisation and re-quotation of its shares on ASX. The Board has resolved to issue a Notice of Meeting for the purpose of shareholder approval for a number of changes to the issued capital, including;

  • Reconstruction of capital on a 1 for 7 basis and;

  • Issue of up to 85,000,000 new prospectus shares at 2c each to raise up to $1.7m (post reconstruction on 1 for 7 basis).

It is hoped that a Notice of Meeting will be issued within 7 days

Yours faithfully,

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Richard Pritchard Chairman