Last checked at 4 Sep 2018 11:18
Stratex International Plc
("Stratex", the "Company" or the "Group")
Results of General Meeting,
Change of name to Oriole Resources PLC and New Website
Stratex International Plc, the AIM-quoted gold exploration and development company, announces that, further to its announcement of 16 August 2018, it held its General Meeting at 10.00 am today and the resolution to change the name of the Company was duly passed.
The change of name to Oriole Resources PLC will be effective once Companies House has issued a certificate of incorporation on change of name, which is expected later today. No new share certificates will be issued in respect of existing ordinary shares held in certificated form. Shareholders should retain their existing share certificates, which will remain valid.
Trading in the Company's ordinary shares under the name Oriole Resources PLC will take effect from 5 September 2018, and the Company's ticker will be changed to 'ORR'.
The Company will also launch its new website on 5 September 2018, which can be viewed at www.orioleresources.com.
John McGloin, Chairman of Stratex, said: "I am delighted to announce the approval of the Company's rebranding to Oriole Resources PLC, an important step as we continue the repositioning of the Company that was started eight months ago. We now look forward to progressing with a new Board and management team, and a renewed strategic focus on Africa and Europe."
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Stratex International Plc | Tel: +44 (0)20 830 9650 | |
Tim Livesey / Bob Smeeton / Claire Bay | ||
Camarco (IR/PR Contact) | Tel: +44 (0)20 3757 3763 / 020 3781 3765 | |
Gordon Poole / Nick Hennis / Monique Perks | ||
Grant Thornton UK LLP | Tel: +44 (0)20 7383 5100 | |
Samantha Harrison / Ben Roberts / Samuel Rowe | ||
Hannam & Partners | Tel: +44 (0)20 7907 8500 | |
Neil Passmore / Andrew Chubb | ||
Turner Pope Investments (TPI) Ltd | Tel: +44 (0)2036214120 | |
Ben Turner / James Pope / Andy Thacker | ||
Notes to Editors:
The Company is focused on early-stage gold exploration in Cameroon and more advanced exploration in Senegal, where IAMGOLD has the option to spend US$8m at the Dalafin project to earn up a 70% interest. It also continues to review early-stage exploration opportunities in Africa and Europe. In Turkey, the Company owns 14.87% of a copper-gold project at feasibility stage, which will likely default to a 1.2% (post-Turkish tax) royalty position during 2018, and it is managing its royalty interests in a number of other projects. The Company also has interests in Thani Stratex Resources Ltd, Tembo Gold Corp. and Aforo Resources Limited for their exploration projects in Djibouti and Egypt, Tanzania and Burkina Faso respectively.