Stratex International PLC Holding in Goldstone Resources Limited (0262Q)
September 06 2017 - 9:59AM
UK Regulatory
TIDMSTI TIDMGRL
RNS Number : 0262Q
Stratex International PLC
06 September 2017
Stratex International Plc / Index: AIM / Epic: STI / Sector:
Mining
Stratex International Plc
"Stratex" or the "Company"
Holding in Goldstone Resources Limited
Stratex, the AIM quoted gold exploration and development
company, reports that Goldstone Resources Limited ("Goldstone"), in
which the Company holds a significant interest, has today announced
the issue of 801,550 ordinary shares of 1 pence each ("Goldstone
Ordinary Shares") to directors of Goldstone in lieu of salaries
accrued ("Fee Shares") in August 2017. This follows earlier issues
of Fee Shares to Goldstone directors in June, July and August 2017
in lieu of salaries accrued in May, June and July 2017 respectively
(see Goldstone announcements of 8 June 2017, 11 July 2017 and 1
August 2017). As set out in Goldstone's announcements of 3 April
2017 and 2 June 2017, the Directors have agreed, in order to
preserve cash, to convert salaries and fees through to the end of
September 2017 into Goldstone Ordinary Shares. Stratex's holding in
Goldstone now stands at 22.97%.
* * ENDS * *
For further information please visit
www.stratexinternational.com, @StratexPLC on Twitter, email
info@stratexplc.com, or contact:
Stratex International Tel: +44 (0)20 7830 9650
Plc
Marcus Engelbrecht / Claire Bay
Grant Thornton UK LLP Tel: +44 (0)20 7383 5100
Samantha Harrison / Daniel Bush
Hannam & Partners Tel: +44 (0)20 7907 8500
Neil Passmore / Andrew
Chubb
Camarco Tel: +44 (0)20 3757 4980
Gordon Poole / Nick Hennis
/ Monique Perks
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 owns 15% of a copper-gold
project at feasibility stage and an exciting exploration project in
Senegal. The Company also has significant interests in Goldstone
Resources Ltd, Thani Stratex Resources Ltd and Tembo Gold Corp. for
their exploration projects in Ghana, Djibouti and Egypt, and
Tanzania respectively.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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