Oriole Resources Regulatory News (ORR)

13 Mar 2007 18:16

Stratex International PLC13 March 2007 Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining 13 March 2007 Stratex International Plc, ('Stratex' or 'the Company') Grant of Options The Company announces the grant of 3,500,000 options over ordinary shares of 1pence each to various directors and certain senior management. All of theoptions granted pursuant to this announcement are exercisable at a price of 8.75pence per ordinary share, being the mid-market closing price on 12 March 2007.These options have been issued under the Company's unapproved Employee ShareOption Scheme: Options Granted Options held following this notificationDavid Hall Executive 800,000 1,945,000 ChairmanBob Foster Chief Executive 800,000 2,287,500 OfficerPerry Ashwood Chief Financial 700,000 1,972,500 OfficerPaul Foord Non-Executive 500,000 1,172,500 DirectorBahri Yildiz General Manager 700,000 1,950,000 - Turkey These options are exercisable between one and ten years from the date of grant.The total number of options outstanding is now 10,000,000, being 6.51% of thecurrent issued share capital. * * ENDS * * For further information please visit www.stratexinternational.com or contact: David Hall, Stratex International Plc Tel: +44 (0)20 7830 9650 Bob Foster, Stratex International Plc Tel: +44 (0)20 7830 9650 Anita Ghanekar, Hanson Westhouse Limited Tel: +44 (0)20 7601 6100 Hugo de Salis, St Brides Media & Finance Ltd Tel: +44 (0)20 7242 4477 Notes to editors: Stratex International Plc is an AIM-listed exploration and development companycurrently focusing on gold and base metal opportunities in Turkey. Directed by ahighly experienced resource sector management team, Stratex's activities willidentify quality mineral resources, primarily gold, silver, copper, molybdenum,zinc, and nickel. Stratex has developed four high-priority prospects in central and western Turkeyand is undertaking an extensive exploration and resource drilling programme,together with mapping and sampling of key prospects. The potential of the Inliceand surrounding Konya projects has been substantiated by the comparison by Dr.Richard Sillitoe with the Maricunga district in Chile. Prior to 1980, theMaricunga had no known copper or gold mineralization and due to new explorationhas past production and reserve / resources of 40 million ounces. Teck Cominco Limited The Company has a 'Strategic Alliance' with Teck Cominco Limited, a diversifiedmining company headquartered in Vancouver, Canada. Teck Cominco holds 13.35% ofthe Company. This enables the two parties to pool expertise, skills anddatabases to identify potential projects. Technical and financial risks are alsobeing reduced through the alliance with a major metal producer providingadditional project funding, a wealth of technical expertise and a ready buyerfor new resources ensuring rapid returns from discoveries. This information is provided by RNS The company news service from the London Stock Exchange