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Stratex Presents at Sprott-Led Investment Event

25 Jul 2014 07:00

RNS Number : 3181N
Stratex International PLC
25 July 2014
 



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.

* * ENDS * *

 

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

 

Bob Foster / Christopher Hall / Claire Bay

 

 

Grant Thornton UK LLP

Tel: +44 (0)20 7383 5100

 

Philip Secrett / Melanie Frean / Jen Clarke

 

 

 

Northland Capital Partners Limited

Tel: +44 (0)20 7382 1100

 

Gavin Burnell / Matthew Johnson / Alice Lane /John Howes

 

 

 

SP Angel Corporate Finance LLP

Tel: +44 (0)20 3463 2260

 

Ewan Leggat / Tercel Moore

 

 

 

Yellow Jersey PR Limited

Tel: +44 (0)20 3664 4087

 

Dominic Barretto / Philip Ranger / Anna Legge

 

 

 

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.

 

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