Last checked at 8 Dec 2009 12:00
Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining
8 December 2009
Stratex International Plc ('Stratex' or 'the Company')
Directors' Shareholdings
Stratex International Plc, the AIM quoted international exploration and development company, was notified today that Dr Robert Foster, CEO of Stratex, purchased 59,523 ordinary shares in the Company at 3.36p per share, and Mr. Perry Ashwood, Finance Director of Stratex, purchased 27,321 ordinary shares in the Company at 3.60p per share.
Dr Foster now holds 6,974,134 ordinary shares in the Company, which equates to 2.79% of the issued share capital, and Mr Ashwood now holds 1,477,342 ordinary shares in the Company, which equates to 0.59% of the issued share capital.
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For further information visit www.stratexinternational.com or contact:
| David Hall / Bob Foster | Stratex International Plc | Tel: +44 (0) 20 7830 9650 |
| Tim Metcalfe / Martin Davison | Westhouse Securities Limited | Tel: +44 (0) 20 7601 6100 |
| Jason Bahnsen | Fox Davies Capital | Tel +44 (0) 20 7936 5230 |
| Felicity Edwards / Isabel Crossley | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
Notes to editors:
Stratex International Plc is an AIM-quoted exploration and development company currently focussing on gold and base metal opportunities in Turkey and Ethiopia. In Turkey, the Company's total resources stand at circa 1 million oz of gold (combined oxide and sulphide gold) and approximately 3.2 million oz of silver.
Stratex's proven strategy is to discover and develop new projects by focussed low-cost exploration, thus adding maximum value prior to optioning/joint venturing or selling on to a dedicated mining company. In this respect it now has four key associations:
A partnership with NTF, a technically capable and well-financed Turkish company, to rapidly develop the 542,000 oz oxide gold resources present at the Altıntepe and Inlice projects in Turkey.
An option/joint venture agreement with Centerra Gold Inc. to explore and develop the Öksüt project, a high-sulphidation gold discovery located in Central Anatolia in Turkey.
A joint venture agreement with Teck Resources of Canada, a major shareholder in Stratex, over the Hasancelebi project, a high-sulphidation gold project in central Turkey.
A joint venture with PLUS-quoted exploration company Sheba Exploration (UK) plc to earn-in to an initial 60% of the prospective 50 sq km Shehagne gold project in Ethiopia and explore targets in northern Ethiopia on a 70:30 joint venture basis. It also holds a 5.45% shareholding in Sheba Exploration (UK) plc.