CRHL Creat Res Ld

TIDMCRHL

RNS Number : 7544F

Creat Resources Holdings Ltd

20 June 2012

20 June 2012

Creat Resources Holdings Limited

("CRHL" or "the Company") Galaxy Update - Lithium One and Galaxy shareholders approve merger

Creat Resources Holdings Limited ("CRHL") (AIM: CRHL) is pleased to announce that ASX-listed Galaxy Resources Limited ("Galaxy"), in which CRHL has a major shareholding, and Lithium One Inc. have both held General Meetings in which all resolutions for the proposed merger have been approved.

A final court hearing to approve the merger is scheduled to be held before the Ontario Superior Court of Justice on 26 June 2012. Subject to the Ontario Superior Court of Justice granting the final order, the merger is expected to be implemented on 3 July 2012.

For further information:

http://www.galaxyresources.com.au/documents/DocGXY238-LithiumOneShareholdersoverwhelminglyapproveMerger.pdf

For further information please visit www.creatresources.com or contact:

 
 Creat Resources Holdings Limited              Tel: +61 3 6216 
                                                          2700 
 Morris R. Hansen, Company Secretary 
 
 Daniel Stewart & Co Plc (Nominated Adviser   Tel: +44 20 7776 
  & Broker)                                               6550 
  Paul Shackleton 
 Matt Wilson 
 

About Creat Resources Holdings Limited

CRHL is an early stage mining exploration company holding 4 Exploration Licences and 3 Retention Licences covering 109 square kilometres around the mineral rich Zeehan area in western Tasmania. CRHL also has a strategy of acquiring assets in interesting resources companies that complement or supplement the Company's exploration activities. CRHL is a major shareholder of Galaxy Resources Ltd ("Galaxy") with an interest of 10.47% shareholding. Galaxy is an Australian-based integrated lithium mining, chemicals and battery company listed on the Australian Securities Exchange (Code: GXY) and is a S&P/ASX 300 Index Company. Galaxy plans to be one of the world's largest lithium carbonate producers and is positioning itself to be involved in every step of the lithium supply chain.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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