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Goldstone Holdings in Company Announcement

1 Dec 2015 14:23

RNS Number : 5951H
Stratex International PLC
01 December 2015
 

Stratex International Plc

 

('Stratex' or 'the Company')

 

Goldstone Releases Holdings in Company Announcement

 

Stratex International Plc, the AIM-quoted exploration and development company, announces that Goldstone Resources Limited ("Goldstone"; AIM: GRL) in which the Company holds a 33.45% interest, has today released a notification of major interest in shares.

 

The full text of the announcement by Goldstone can be found at http://www.goldstoneresources.com/investors/news-releases.html.

 

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 7382 1100

Gerry Beaney / David Hignell

Abigail Wayne / John Howes (Broking)

Yellow Jersey PR Limited

 Tel: +44 (0)7768 537739

Dominic Barretto / Harriet Jackson

 

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 has recently achieved first gold pour at its 45%-owned Altıntepe gold mine in Turkey and also owns 30% of a copper-gold project at feasibility stage. Additionally, a 1% production royalty capped at US$20 million will be due from the Öksüt project, also in Turkey, with first production provisionally targeted for Q2-2017 by owners Centerra Gold. 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.

 

 

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