St Charles Resources Inc. announced that it has completed its qualifying transaction with Eastern Resources OOD. As previously announced, St Charles has received conditional approval from the TSX Venture Exchange of the Qualifying Transaction. In connection with the completion of the Qualifying Transaction, all members of St Charles' board of directors have resigned except James Crombie.

The Resulting Issuer's board of directors is now comprised of the following individuals: James Crombie, Sean Hasson, Colin Jones, Vanessa Cook, Dr. Mihaela Barnes, and Laurie Marsland. In addition, the board has appointed James Crombie as Executive Chair, Sean Hasson as President and Jeff Pennock as Secretary.