Last checked at 27 Jun 2013 15:00
Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining
Stratex International Plc
("Stratex" or the "Company")
Appointment of Joint Broker
Stratex International Plc, the AIM-quoted exploration and development company focussed on gold and base metals in Turkey, East Africa and West Africa, is pleased to announce the appointment of SP Angel Corporate Finance LLP as its joint broker with effect from 26 June 2013.
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For further information please visit www.stratexinternational.com, email info@stratexplc.com, or contact:
Stratex International Plc Bob Foster / Christopher Hall / Claire Bay
| Tel: +44 (0)20 7830 9650 |
Grant Thornton UK LLP Philip Secrett / Melanie Frean / Jen Clarke
| Tel: +44 (0)20 7383 5100 |
SP Angel Corporate Finance LLP Ewan Leggat
| Tel: +44 (0)20 3463 2260 |
Northland Capital Partners Limited Gavin Burnell / John Howes (Sales)
| Tel: +44 (0)20 7796 8800 |
Yellow Jersey PR Limited Dominic Barretto / Anna Legge / Philip Ranger | Tel: +44 (0)20 3664 4087 |
Notes to editors:
Stratex International is a well-funded AIM-quoted exploration and development company focussed on gold and high-value base metals in Turkey, East Africa and West Africa. Since listing on AIM in 2006, Stratex has had an impressive track record of successful exploration supported by joint venture partnerships, both with major international mining companies and local companies to maximise the potential of its discoveries.
In December 2012 the Company announced the sale of its 30% interest in the Öksüt gold project for cash of 20 times its original US$1 million investment and retained a royalty of 1% up to a maximum additional value of US$20 million.
It currently has a substantial portfolio of projects, with Alt1ntepe in Turkey scheduled for gold production in late 2013 or Q1 2014. To date Stratex has discovered more than 2.2 million ounces of gold and 7.9 million ounces of silver, as well as 186,000 tonnes of copper. The Company is well cashed and is therefore well-placed to advance its existing exploration programmes and is also actively seeking to acquire advanced projects that are at the drill-ready stage or even have identified resources, particularly in East Africa and West Africa.