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General
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Friday, 03 September 2010 05:55 |
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Bridging Loan and Galaxy Update
Creat Resources Holdings Ltd (“CRHL”) announces that its shareholder Creat Group Limited has provided a US$14 million bridging loan to support the development of a lithium carbonate processing plant being built in Jiangsu Province, China by Australia’s Galaxy Resources Ltd (“Galaxy”).
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RNS
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Thursday, 02 September 2010 00:09 |
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The Company is pleased to advise that, further to the announcement on 20 August 2010, Marvel Link Group Limited, the Company's most significant shareholder and Creat Group Limited's ("Creat Group") nominee, completed the transfer of a further 9,000,000 ordinary shares to Creat Group on 1 September 2010 for nil consideration, representing 1.35 per cent. of the Company's total voting rights. The nature of the transfer is to consolidate all of Creat Group's share holdings in the Company.
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RNS
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Sunday, 22 August 2010 22:28 |
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The Company is pleased to advise that Marvel Link Group Limited, the Company's most significant shareholder and Creat Group Limited's ("Creat Group") nominee, completed the transfer of 308,300,000 ordinary shares to Creat Group on 19 August 2010 for nil consideration, representing 46.20 per cent. of the Company's total voting rights. The nature of the transfer is to consolidate all of Creat Group's share holdings in the Company.
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RNS
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Thursday, 24 June 2010 22:32 |
The Company is pleased to announce the following changes to its Board of Directors ("the Board").
Mr Xioajian Ren has stepped down from his roles as Managing Director ("MD") and Chief Executive Officer ("CEO") of the Company due to the demands of his other business commitments. In his place, the Board has temporarily appointed its Chairman, Dr Yuewen Zheng, to the positions of MD and CEO with immediate effect.
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General
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Tuesday, 15 June 2010 23:22 |
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The Company is pleased to announce that an official delegation from China Non-Ferrous (CNF) visited the Hobart office and main project areas of Creat Resources Holdings Limited to undertake Due-Diligence duties. The information-gathering trip was conducted from Thursday 3rd June to Thursday 10th June 2010.
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RNS
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Monday, 07 June 2010 22:47 |
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UPDATE ON MANAGEMENT TEAM
The Company is pleased to announce that it has appointed Mr Rex Chow as Chief Operations Officer of the Company. Mr Chow, who holds an MBA and has over 20 years of experience in finance and investments internationally, is currently the general manager of Create Group (HK) Ltd and a partner of Creat Fund Management.
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RNS
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Tuesday, 11 May 2010 21:12 |
Renewal of Exploration License 20 and 30 Further to its announcement on 24 February 2010, the Company is pleased to announce that following its successful appeal to the Mining Tribunal, the Minister for Energy and Resources for Tasmania has agreed to renew the Company's exploration licences 20 and 30 for a further term until 31 January 2011. The Company has committed to fulfil certain conditions in connection with this renewal including committing an aggregate of AUD$1m to an exploration program including drilling on the tenements.
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RNS
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Friday, 30 April 2010 22:01 |
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Holding(s) in Company
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
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RNS
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Tuesday, 27 April 2010 23:42 |
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Result of AGM and Re-Admission to Trading on AIM Creat Resources Holdings Limited (the "Company") (AIM: CRHL) is pleased to announce that at today's general meeting to consider the special business of the Annual General Meeting that was adjourned on 29 March 2010, all resolutions were duly passed including those resolutions relating to the acquisition of a significant interest in Galaxy Resources Limited ("Galaxy") (ASX: GXY) (the "Acquisition"), an emerging mining and materials company focusing on lithium and tantalum production. Galaxy, a company based in Perth, Australia and listed on the ASX, plans to become one of the world's leading producers of lithium.
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RNS
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Tuesday, 27 April 2010 23:38 |
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TEMPORARY SUSPENSION OF TRADING ON AIM
CREAT RESOURCES HOLDINGS LD
At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 27/04/2010 7:00am pending an announcement.
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RNS
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Tuesday, 20 April 2010 15:16 |
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Restoration - Creat Resources Holdings Limited
The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 20/04/2010 4.10pm, a supplementary admission document having been published.
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RNS
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Tuesday, 20 April 2010 13:22 |
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Notice of Adjourned Annual General Meeting and Update on Galaxy Acquisition
CREAT RESOURCES HOLDINGS LIMITED advises that further to the announcement made on 29 March 2010 in respect of its annual general meeting ("AGM"), the adjourned special business of the AGM set out as items 2-5 of the Company's notice of meeting dated 10 February 2010 (the “Special Business”) will be put to the Company's shareholders on 27 April 2010 at the adjourned AGM (the "Adjourned AGM").
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RNS
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Tuesday, 30 March 2010 21:24 |
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Schedule 1 Update
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")
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RNS
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Sunday, 28 March 2010 14:00 |
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Results of Annual General Meeting
Creat Resources Holdings Limited advises that further to the notice of meeting and explanatory statement issued on 10 February 2010 (the "Notice of Meeting"), the Company convened its 2009 annual general meeting ("AGM") today in Hobart, Tasmania, at which the resolutions relating to the ordinary business of the Company (namely the re-election of Mr Philip Simpson and Mr Stephen Powell as non-executive directors of the Company) were duly passed.
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RNS
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Saturday, 27 March 2010 06:10 |
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Statement re. Suspension Creat Resources Holdings Limited (the "Company") (AIM: CRHL) has today requested a suspension in the trading of its ordinary shares pending clarification of certain matters in relation to the proposed reverse takeover as detailed in the AIM Admission Document dated 10 February 2010.
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RNS
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Saturday, 27 March 2010 06:07 |
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Trading on AIM for the under-mentioned securities has been temporarily suspended from 26/03/2010 13:45 pending an announcement. |
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RNS
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Tuesday, 16 March 2010 07:21 |
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Creat Resources Holdings Limited is pleased to provide the following update regarding the presence of additional mineral occurrences of economic significance in its newly acquired exploration licence EL21/2004 near Mount Dundas, Western Tasmania. Whilst the Company originally acquired the licence for its nickel prospectivity; the potential economic tin resource comes as a welcome addition to the Company’s existing mineral property holdings.
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RNS
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Monday, 15 March 2010 07:00 |
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Announcement to be made by the AIM applicant prior to admission in accordance with rule 2 of the AIM rules for companies.
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RNS
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Sunday, 14 March 2010 22:13 |
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Interim Results for the six months ended 31 December 2009
12 March 2010 - Creat Resources Holdings Limited, the exploration and development company with assets in Western Tasmania, Australia, announces its interim results for the six months ended 31 December 2009 ("Interim Results").
Highlights:
· The consolidated loss for the half-year after providing for income tax amounted to $1,633,256 (2008 loss: $5,076,606);
· Net assets of $9,793,370 (30 June 2009: $251,071);
· Net cash outflows from operating activities of $1,080,441 (2008: $4,166,912);
· Galaxy Transaction - acquisition of a 4.6% interest (with further transaction announced to increase to 19.9%) in Galaxy Resources Limited ("Galaxy"), an ASX listed, emerging mining and materials company focusing on lithium and tantalum production; and
· Capital Raising - completion of first round fundraising of $10,179,108 (before expenses).
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RNS
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Wednesday, 24 February 2010 22:16 |
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Update on Renewal of Licences The Company wishes to advise that the Minister for Resources in Tasmania (the "Minister") has indicated his refusal to renew two of the Company's exploration licences, namely EL20/2002 and EL 30/2002 (the "Licences"), both which were pending renewal for another term of one year. The Company is part way through its exploration programs and would like to complete them. As such, the Company will make an appeal to the Mining Tribunal by mid-March 2010. The directors of the Company believe that the Company has reasonable grounds to appeal the Minister's decision. Until the appeal process is completed, both Licences remain in force.
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RNS
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Wednesday, 10 February 2010 12:00 |
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Proposed acquisition of an interest in Galaxy Resources Limited Placing of up to 283,333,333 Placing Shares at 6 pence per share and Re-Admission to trading on AIM Notice of AGM
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RNS
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Wednesday, 16 December 2009 21:36 |
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RNS Number : 2331E Creat Resources Holdings Ltd
16 December 2009
Creat Resources Holdings Limited
UPDATE ON FUNDRAISING and acquisition
Creat Resources Holdings Limited (the "Company") (AIM: CRHL) is pleased to announce the following information:
Completion of First Round Fundraising ("First Round Fundraising")
The Company has completed the share placement described in the announcement dated 9 December 2009 (the "Announcement"), resulting in the issue of 114,000,000 ordinary shares of the Company (the "Placing Shares") at 5p per ordinary share and raising £5.7m before expenses. These funds will be used for, among other things, working capital purposes and/or for acquiring additional businesses. In order to facilitate the First Round Fundraising, the Company and the subscribers agreed to amend the subscription agreements that had previously been entered into to make the subscriptions unconditional. The three subscribers (the "Investors") are from the People's Republic of China, whose details and ownership of shares are listed below.
Following the issue of the Placing Shares, there will be 567,276,674 ordinary shares of the Company (the "Ordinary Shares") in issue (the "Enlarged Share Capital"). The Placing Shares constitute 20.10% of the Enlarged Share Capital.
The shareholdings of the Investors in the Enlarged Share Capital are as follows:
Silvermine Industries Limited ("Silvermine") 68,000,000 shares 11.99%
Xinao Asia Capital Management Limited ("Xinao") 36,000,000 shares 6.35%
Ever Trade Holdings Limited ("Ever Trade") 10,000,000 shares 1.76%
Silvermine Industrial Limited is a limited company incorporated in the British Virgin Islands. Xinao, a limited company incorporated in Hong Kong, is associated with ENN Group, an integrated group of companies focussing on clean energy. Ever Trade, a limited company incorporated in the British Virgin Islands, is associated with High Tech Wealth. Hi-Tech Wealth is an integrated multi-channel sales and marketing company in China which develops and sells branded digital mobile devices.
Application will be made for the Placing Shares (which will rank pari passu with the existing Ordinary Shares) to be admitted to trading on AIM when the Company is restored to trading on AIM.
Acquisition of 6,818,192 ordinary shares in Galaxy Resources Limited ("Galaxy")
As described in the Announcement, Creat Group Co Limited ("Creat Group"), the controlling shareholder of the Company, entered into an agreement with Galaxy on 21 August 2009 under which it agreed to subscribe for 19.9% of the issued share capital of Galaxy (the "Galaxy Equity Agreement"). Creat Group intends to nominate the Company as the subscriber under the Galaxy Equity Agreement so that the Company will subscribe for new ordinary shares of Galaxy representing approximately 19.9% of Galaxy's enlarged ordinary share capital (the "Galaxy Subscription") by way of an initial subscription ("Initial Subscription") and a further subscription in respect of the balance to occur during the first quarter of 2010 (the "Second Subscription").
The Company is pleased to announce that it has today applied to subscribe for 6,818,182 ordinary shares in Galaxy at A$0.88 per ordinary share, representing approximately 4.6% of Galaxy's enlarged ordinary share capital, after having been nominated by Creat Group to complete the Initial Subscription (the "Nomination"). A$6m of the funds raised in the First Round Fundraising will be applied to the Initial Subscription. In accordance with the AIM Rules for Companies, the Nomination is a Rule 13 Related Party Transaction and the Company's independent directors, having consulted with the Company's nominated adviser, consider that the Nomination is fair and reasonable insofar as its shareholders are concerned.
The Nomination is made between Creat Group and the Company. No consideration is payable in respect of the Nomination except the subscription price of A$0.88 per Galaxy share payable to Galaxy, amounting to an aggregate of approximately A$6 million. As previously announced, Galaxy is an ASX listed Australian mining and materials company focusing on lithium and tantalum exploration and production. According to the audited financial statements of Galaxy for the year ended 30 June 2009, Galaxy made a net loss of A$2,713,478. As at the close of trading on 15 December 2009, the price per Galaxy share on the ASX was quoted as A$1.355. Further information on Galaxy can be found at www.galaxyresources.com.au.
As previously announced, if the Second Subscription is agreed with Creat Group and entered into by the Company, the Second Subscription will constitute a reverse takeover under Rule 14 of the AIM Rules for Companies (the "Proposed Reverse Takeover"), requiring the issuance by the Company of an AIM admission document and the approval of the Company's shareholders at a general meeting prior to completion of the Proposed Reverse Takeover. It is the Company's current intention that the admission document will be sent to shareholders in January 2010.
As previously announced, in order to fund and complete the Proposed Reverse Takeover, the Company will need to raise further funds by way of an additional placing of Ordinary Shares or through other forms of finance ("Additional Funding"). The Company is currently seeking to secure such Additional Funding.
Managing Director Mr Xiaojian Ren said "This is an exciting time for the Company. The Board and its shareholders set the goal of expanding its operations and resource diversification and today's announcement is evidence of the Company's rapid progress to those goals."
The Company will make further announcements in due course updating shareholders on the Proposed Reverse Takeover and the Additional Funding.
For further information please visit www.creatresources.com or contact: Creat Resources Holdings Limited Yasmine Healy Tel: +61 (0) 36216 2705
Grant Thornton Corporate Finance Nominated Adviser Philip Secrett, Maureen Tai Tel:+44 (0) 20 7383 5100
Westhouse Securities Limited Broker Tim Metcalfe, Richard Baty Tel: +44 (0) 20 7601 6100
First City (China) Limited Public Relations Adviser Lei Jiang Jane Absolom Tel: +852 2854 2666 Tel: +44 (0) 20 7920 3170 |
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RNS
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Tuesday, 15 December 2009 21:19 |
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Approval for Nickel Project Acquisition The Company is pleased to advise it has received ministerial consent to acquire Exploration Licence 21/2004 and its related mining/exploration information knows as the "Dundas Nickel Project" from Stellar Resources Limited, as detailed in the Company's announcement of 28 August 2009. As a result, the acquisition is now unconditional. The Licence is situated adjacent the Company's existing Exploration Licence 20/2002 in Western Tasmania, and covers around 13km2 of prospective nickel, tin and tin-copper deposits.
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RNS
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Wednesday, 09 December 2009 21:21 |
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Update on Placings Further to the announcements dated 16, 24 and 25 November 2009 concerning conditional placings of new Ordinary shares in Creat Resources Holdings Limited ( the "Company") (AIM:CRHL), the Company announces that it intends to vary the subscription agreements entered into with three new investors from the People's Republic of China to remove certain conditions.
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RNS
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Wednesday, 25 November 2009 21:25 |
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Further Subscription in Conditional Placing On 16 November 2009, Creat Resources Holdings Limited("Company")(AIM:CRHL) announced that it had completed a conditional placing ("Placing") of 96 million new ordinary shares of the Company ("Ordinary Shares") at a price of 5 pence per Ordinary Share. On 24 November 2009, the Company announced that it had expanded the Placing and raised additional funds.
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RNS
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Tuesday, 24 November 2009 21:56 |
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Further Subscriptions in Conditional Placing On 16 November 2009, Creat Resources Holdings Limited ("Company") (AIM:CRHL) announced that it had completed a conditional placing ("Placing") of 96 million new ordinary shares of the Company ("Ordinary Shares") at a price of 5 pence per Ordinary Share.
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RNS
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Monday, 16 November 2009 21:25 |
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Conditional Placing and Proposed Reverse Takeover Creat Resources Holdings Limited ("Creat Resources" or the "Company") (AIM:CRHL) is pleased to announce a conditional placing ("Placing") of 96 million new ordinary shares of the Company ("Ordinary Shares") at a price of 5 pence per Ordinary Share to raise £4.8 million (before expenses). The Placing has been conducted with two investors ("Subscribers") from the People's Republic of China and has been undertaken for the purpose of acquiring additional business assets or businesses.
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RNS
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Saturday, 14 November 2009 00:16 |
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Suspension Creat Resources Holdings Limited ("Creat Resources" or the "Company") (AIM:CRHL) today announces that in line with its strategy to proceed with a strategy of acquisitions or other transactions that would result in expansion of its mining operations within and outside Australia and resource diversification (including gold, nickel, and a continued focus on lead, zinc and silver) in order to spread the risk of commodity fluctuations and take advantage of available deals, the Company is in discussions with a party that may result in a reverse take-over.
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RNS
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Saturday, 14 November 2009 00:09 |
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TEMPORARY SUSPENSION OF TRADING ON AIM CREAT RESOURCES HOLDINGS LD At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 13/11/2009 13:30 pending an announcement and the publication of a document.
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RNS
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Friday, 06 November 2009 10:13 |
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Annual Report and Accounts The Company is pleased to advise it has mailed to members the Financial Reports for the year ending 30 June 2009, a copy of which can be downloaded from the Company's website www.creatresources.com.
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RNS
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Thursday, 08 October 2009 03:05 |
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New Website The Company is pleased to advise that its new website is located at www.creatresources.com For further information please visit www.creatresources.com
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RNS
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Monday, 28 September 2009 00:18 |
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Change of Broker
The Company announces today that it has appointed Hanson Westhouse Limited as its sole broker with immediate effect.
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RNS
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Thursday, 24 September 2009 00:23 |
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Final Results for the year ended 30 June 2009
21 September 2009 - Creat Resources Holdings Limited, the exploration and development company with assets in Western Tasmania, Australia, announces its audited final results for the year ended 30 June 2009 ("Final Results").
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RNS
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Sunday, 06 September 2009 14:00 |
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The Independent Directors of the Company are pleased to announce that they have accepted an offer from Creat Group Ltd, a substantial shareholder of the Company, for an unsecured loan of £500,000 as bridging finance (the "Loan") to meet working capital and its current liabilities.
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RNS
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Thursday, 27 August 2009 14:00 |
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The Board is pleased to announce that, in accordance with its strategy of expansion and resource diversification, the Company has entered into an agreement to purchase Exploration Licence 21/2004 and its related exploration/mining information known as the Dundas Nickel Project from Stellar Resources Limited and its subsidiary for a consideration of A$250,000, and an obligation to provide the previous owner with a 2% net smelter royalty as required for the transfer. The Agreement is conditional upon Ministerial consent.
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