Last checked at 6 Sep 2017 15:59
Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining
Stratex International Plc
"Stratex" or the "Company"
Holding in Goldstone Resources Limited
Stratex, the AIM quoted gold exploration and development company, reports that Goldstone Resources Limited ("Goldstone"), in which the Company holds a significant interest, has today announced the issue of 801,550 ordinary shares of 1 pence each ("Goldstone Ordinary Shares") to directors of Goldstone in lieu of salaries accrued ("Fee Shares") in August 2017. This follows earlier issues of Fee Shares to Goldstone directors in June, July and August 2017 in lieu of salaries accrued in May, June and July 2017 respectively (see Goldstone announcements of 8 June 2017, 11 July 2017 and 1 August 2017). As set out in Goldstone's announcements of 3 April 2017 and 2 June 2017, the Directors have agreed, in order to preserve cash, to convert salaries and fees through to the end of September 2017 into Goldstone Ordinary Shares. Stratex's holding in Goldstone now stands at 22.97%.
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For further information please visit www.stratexinternational.com, @StratexPLC on Twitter, email info@stratexplc.com, or contact:
Stratex International Plc | Tel: +44 (0)20 7830 9650 |
Marcus Engelbrecht / Claire Bay
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Grant Thornton UK LLP | Tel: +44 (0)20 7383 5100 |
Samantha Harrison / Daniel Bush
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Hannam & Partners | Tel: +44 (0)20 7907 8500 |
Neil Passmore / Andrew Chubb
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Camarco | Tel: +44 (0)20 3757 4980 |
Gordon Poole / Nick Hennis / Monique Perks |
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Notes to Editors:
Since listing in 2006, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver, as well as 186,000 tonnes of copper. The Company owns 15% of a copper-gold project at feasibility stage and an exciting exploration project in Senegal. The Company also has significant interests in Goldstone Resources Ltd, Thani Stratex Resources Ltd and Tembo Gold Corp. for their exploration projects in Ghana, Djibouti and Egypt, and Tanzania respectively.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.