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Director/PDMR Shareholding

22 May 2014 15:57

RNS Number : 8582H
Stratex International PLC
22 May 2014
 



Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining

 

Stratex International Plc

 

('Stratex' or 'The Company')

 

Director's Shareholdings

 

Stratex International Plc, the AIM-quoted exploration and development company, was notified today that Dr Robert Foster, CEO of Stratex, today purchased 350,877 ordinary shares in the Company at 2.85p per share.

 

Dr Foster now holds 7,719,404 shares in the Company, which equates to 1.65% of the issued share capital. He also holds 5,210,604 share options.

 

* * ENDS * *

 

 

For further information please visit www.stratexinternational.com, email info@stratexplc.com, or contact:

 

Stratex International Plc

Tel: +44 (0)20 7830 9650

 

Bob Foster / Christopher Hall / Claire Bay

 

 

Grant Thornton UK LLP

Tel: +44 (0)20 7383 5100

 

Philip Secrett / Melanie Frean / Jen Clarke

 

 

 

Northland Capital Partners Limited

Tel: +44 (0)20 7382 1100

 

Gavin Burnell / Matthew Johnson / Alice Lane /John Howes

 

 

 

SP Angel Corporate Finance LLP

Tel: +44 (0)20 3463 2260

 

Ewan Leggat / Tercel Moore

 

 

 

Yellow Jersey PR Limited

Tel: +44 (0)20 3664 4087

 

Dominic Barretto / Philip Ranger / Anna Legge

 

 

 

 

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.

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 has a robust cash balance 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.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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