Last checked at 25 Jul 2014 07:00
Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining
Stratex International Plc
('Stratex' or 'The Company')
Stratex Presents at Sprott Vancouver Natural Resource Symposium
Stratex International Plc, the AIM-quoted exploration and development company focused on gold and base metals in Turkey, East Africa and West Africa, announces that it has today presented a review of its activities and strategies at a 3-day Sprott-led investment symposium held in Vancouver, Canada. The symposium, chaired by investment guru Rick Rule, has brought together almost 300 of North America's top institutional investors, providing Stratex with an excellent platform to promote the Company to a wider market. During his introductory remarks Mr Rule emphasized that only what the Sprott Group regarded as successful small-cap resource companies were permitted to participate and described Stratex as "cash-rich and well-managed". The corporate presentation was delivered by Bob Foster, Stratex CEO, and Christopher Hall, Stratex Chairman, and can be found on the following page of our website:
http://www.stratexinternational.com/public/site/filemanager/Sprott_Corporate_Update.pdf.
Exploration Capital Partners 2012 Ltd, a member of the Sprott Group, has a 10.11% shareholding in Stratex.
For further information on the investment symposium, including a list of guest speakers, please visit http://www.naturalresourcesymposium.com/.
Bob Foster has also been interviewed by SNN-Live, a Micro-Cap financial news portal with wide market reach within the US and Canada. The link for this video interview will be announced as soon as it becomes available.
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For further information on Stratex please visit www.stratexinternational.com, email info@stratexplc.com, or contact:
Stratex International Plc | Tel: +44 (0)20 7830 9650 |
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Bob Foster / Christopher Hall / Claire Bay
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Grant Thornton UK LLP | Tel: +44 (0)20 7383 5100 |
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Philip Secrett / Melanie Frean / Jen Clarke
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Northland Capital Partners Limited | Tel: +44 (0)20 7382 1100 |
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Gavin Burnell / Matthew Johnson / Alice Lane /John Howes
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SP Angel Corporate Finance LLP | Tel: +44 (0)20 3463 2260 |
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Ewan Leggat / Tercel Moore
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Yellow Jersey PR Limited | Tel: +44 (0)20 3664 4087 |
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Dominic Barretto / Philip Ranger / Anna Legge |
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Notes to Editors:
Stratex International is a well-funded AIM-quoted exploration and development company focussed on gold and high-value base metals in Turkey, East Africa and West Africa. Since listing on AIM in 2006, Stratex has had an impressive track record of successful exploration supported by joint-venture partnerships, both with major international mining companies and local companies to maximise the potential of its discoveries.
In December 2012 the Company announced the sale of its 30% interest in the Öksüt gold project for cash of 20 times its original US$1 million investment and retained a royalty of 1% up to a maximum additional value of US$20 million.
To date Stratex has discovered more than 2.2 million ounces of gold and 7.9 million ounces of silver, as well as 186,000 tonnes of copper. The Company has a robust cash balance and is therefore 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, particularly in East Africa and West Africa.