March 24 (Reuters) - Alita Resources Ltd A40.AX :
* UPDATES ON DEEDS OF COMPANY ARRANGEMENT EXECUTED BY CO, TAWANA RESOURCES & LITHCO NO. 2 PTY LTD
* PARTIES INCLUDING LITHIUM INVESTMENTS (WA) & GALAXY RESOURCES AGREED SETTLEMENT ON TERMS
* UNDER SETTLEMENT, ALL PROCEEDINGS WERE DISMISSED ON 19 MAR, WITH NO ORDER AS TO COSTS
* RECEIVERS, AND DEED ADMINISTRATORS, REMAIN APPOINTED TO ALITA PENDING EFFECTUATION OF PARENT DOCA