Washington, D.C. 20549



Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 11, 2010

(Exact name of registrant as specified in charter)

(State or other jurisdiction
(SEC File Number)
(I.R.S. Employer
of incorporation)
Identification No.)
5190 Neil Road Suite 430
Reno  NV
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (866) 261-8853
(Former name or former address, if changed since last report)




Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On February 10, 2010 the Company received the resignation of Craig Wacaser as a Director, effective immediately. At the time of his resignation Mr. Wacaser was not a member of any board committee.
On February 11, 2010 the Company appointed Ronald Hughes as Chief Executive Officer, Chief Financial Officer and a Director. For the last five years Mr. Hughes has been President, CEO & Director of TransAmerican Energy Inc., a TSX-Venture Exchange listed Company. While with TransAmerican, Mr. Hughes was responsible for the acquisition of the company’s initial producing oil and gas assets and for the year ended April 30, 2009 the company realized revenues of Canadian Dollar 932,000. Mr. Hughes also sits on the Boards of VisionQuest Energy Group, and Precision Enterprises Inc., both publicly traded companies in Canada. Mr. Hughes has 20 years of experience in early stage Business Development and he will be responsible for assessing and evaluating new business opportunities for Raphael. Mr. Hughes studied Resource Economics & Management from the University of Alberta.
There is no family relationship between Mr. Hughes and any other director or executive officer in Raphael Industries Ltd. Mr. Hughes is currently not a director of any company with a class of securities registered pursuant to section 12 of the Exchange Act.
Item 8.01. Other.
The company has been unable to renew its agreement with Global Commodity Press Limited and is no longer entitled to market data from Global Commodity Press Limited. The Company has effected final payment of all outstanding obligations under its previous agreements with Global Commodity Press Limited. As a result of this failure to renew the Company has one non-exclusive arrangement to market and rent data from Free Enterprise Press Limited.
Due to this failure to renew the viability of the Company’s business plan is in question. The company has determined to seek additional business opportunities.
On the 11th day of February 2010, Arne Raabe completed a private transaction whereby he sold 1.9 million shares in the Company to four sophisticated investors.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Raphael Industries Ltd.
Arne Raabe