CRHL Creat Res Ld

TIDMCRHL

RNS Number : 1579G

Creat Resources Holdings Ltd

26 June 2012

26 June 2012

Creat Resources Holdings Limited

("CRHL" or "the Company") Directorate Change

Creat Resources Holdings Limited ("CRHL") (AIM: CRHL) announces that on 25 June 2012 it received notification that Mr. Stephen Michael Powell ("Mr. Powell"..), a Non-executive Director of the Company, is the subject of bankruptcy proceedings by order of the Federal Magistrates Court of Australia. Under the Australian Corporations Act 2001, Mr. Powell is no longer eligible for inclusion in the register of company directors and has been removed from the Board of the Company with immediate effect.

Further, the Company announces its intention to appoint Mr. Morris Hansen ("Mr. Hansen"..) to the Board as Executive Director. This appointment is subject to the approval of Daniel Stewart & Company Plc as nominated adviser, and a further announcement will be made in due course. Mr. Hansen shall maintain his current roles as Company Secretary and General Manager of the Company.

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 & Company                  Tel: +44 20 7776 
  Paul Shackleton                                      6550 
 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

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