22 May 2014 15:57

Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining
Â
Stratex International Plc
Â
('Stratex' or 'The Company')
Â
Director's Shareholdings
Â
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.
Â
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.
Â
* * ENDS * *
Â
Â
For further information please visit www.stratexinternational.com, email info@stratexplc.com, or contact:
Â
Stratex International Plc | Tel: +44 (0)20 7830 9650 | Â | |||
Bob Foster / Christopher Hall / Claire Bay  |  | ||||
Grant Thornton UK LLP | Tel: +44 (0)20 7383 5100 | Â | |||
Philip Secrett / Melanie Frean / Jen Clarke  |  |  | |||
Northland Capital Partners Limited | Tel: +44 (0)20 7382 1100 | Â | |||
Gavin Burnell / Matthew Johnson / Alice Lane /John Howes  |  |  | |||
SP Angel Corporate Finance LLP | Tel: +44Â (0)20Â 3463Â 2260 | Â | |||
Ewan Leggat / Tercel Moore  |  |  | |||
Yellow Jersey PR Limited | Tel: +44Â (0)20Â 3664Â 4087 | Â | |||
Dominic Barretto / Philip Ranger / Anna Legge | Â | Â | |||
Â
Â
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.
Â
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.