Creat Resources Holdings Ltd Secured Loan Agreement with Creat Group (2954B)

TIDMCRHL

RNS Number : 2954B

Creat Resources Holdings Ltd

02 April 2013

2 April 2013

Creat Resources Holdings Limited

("CRHL" or "the Company")

Secured Loan Agreement with Creat Group

We refer to our announcement of 16(th) December 2011 whereby the Company announced a secured loan agreement (the "Loan") with Creat Group, a major shareholder of CRHL.

We are pleased to announce that the final drawdown of AUD100,000 under the Loan has been made on 28(th) March 2013. Details of all drawdowns are as follow.

 
Drawdown Date             Amount AUD 
14th December 2011       300,000.00 
7th February 2012        300,000.00 
27th March 2012          100,000.00 
16th May 2012            100,000.00 
29th June 2012             50,000.00 
31st July 2012             50,000.00 
28(th) March 2013        100,000.00 
-------------------  --------------- 
Total AUD             1,000,000.00 
 
 
For further information please visit www.creatresources.com or contact:Creat Resources Holdings Limited     Tel: [phone] 
 Morris R. Hansen, Company Secretary 
 
 Daniel Stewart & Company             Tel: [phone] 
  Paul Shackleton 
 James Thomas 
 
 
 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 Limited ("Galaxy") with an interest of 6.43%. Galaxy is an Australian-based integrated 
 lithium mining, chemicals and battery company listed on the Australian Securities Exchange 
 (Code: GXY) and is an 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. 
 About Galaxy Resources Limited 
 Galaxy Resources Limited ("Galaxy") is a Western Australian S&P / ASX 300 Index company which 
 plans to become one of the world's leading producers of lithium compounds - the essential 
 component for powering the world's fast expanding fleet of hybrid and electric cars. Galaxy's 
 Mt Cattlin mine aims to be the world's second largest producer of lithium mineral concentrate 
 globally, and through the development of its 17,000 tpa lithium carbonate plant in Jiangsu 
 province, Galaxy expects to be one of the largest and lowest cost lithium compound producers 
 in China. Lithium compounds such as lithium carbonate are forecast to be in short supply against 
 high future demand due to advances in long life batteries and sophisticated electronics including 
 mobile phones and computers. Galaxy has positioned itself to meet this lithium future by not 
 only mining the lithium, but also by downstream processing to supply lithium carbonate to 
 the expanding Asian market. 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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