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Last checked at 
30 Jun 2016 07:00
Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining
Stratex International Plc
('Stratex' or 'the Company')
Goldstone Directorate Changes
Stratex International Plc, the AIM-quoted exploration and development company focused on gold and base metals in West Africa and Turkey, where it holds a significant interest in a producing gold mine, reports that Goldstone Resources Limited ("Goldstone"; AIM: GRL), in which the Company holds a 33.45% interest, has today announced changes to its board.
Following her initial appointment as Interim Chief Executive Officer (Announcement dated 18th February 2016), Emma Priestley has been formally appointed as Executive Director and Chief Executive Officer of Goldstone with immediate effect. Ms Priestley will continue to serve as Executive Director on the Stratex Board and accordingly will not participate in any Stratex deliberations concerning Goldstone.
In addition, Andrew Bell, Chairman and CEO of Red Rock Resources plc, which holds a 9.64% interest in Goldstone, will join the Goldstone board as a Non-Executive Director, with immediate effect.
The full text of the announcement by Goldstone can be found at http://www.goldstoneresources.com/investors/news-releases.html.
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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 / Jen Clarke / Daniel Bush
| |
Northland Capital Partners Limited | Tel: +44 (0)20 3861 6625 |
Gerry Beaney / David Hignell (Corporate Finance) Abigail Wayne / John Howes (Broking) | |
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 achieved first gold pour at its 45%-owned Altıntepe gold mine in Turkey in November 2015 and recently sold its 1% Net Smelter Returns royalty in the Öksüt gold project for US$4.5 million. It also owns 30% of a copper-gold project at feasibility stage. With its current cash position, projected cash returns and no debt, the Company is 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.
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