Stratex International PLC Goldstone Announces £1.5 M Subscription (9746R)
September 27 2017 - 5:08AM
UK Regulatory
TIDMSTI
RNS Number : 9746R
Stratex International PLC
27 September 2017
27 September 2017
Stratex International Plc
("Stratex" or the "Company")
Goldstone Announces GBP1.5 M Subscription
Stratex International Plc, the AIM-quoted gold exploration and
development company, advises that Goldstone Resources Limited
("Goldstone"), in which it currently holds a 22.97 per cent
interest, has today announced that it has raised GBP1.5m before
expenses by way of a subscription for new shares in Goldstone at a
price of 1.5 pence per Goldstone share (the "Goldstone
Subscription"). The Goldstone Subscription is conditional upon
receiving the subscription proceeds. The proceeds of the Goldstone
Subscription will be applied to Goldstone's operations and the
general advancement of its corporate objectives.
The subscribers comprise new and existing shareholders of
Goldstone, including BCM Investment Limited ("BCM") and Paracale
Gold Limited. Goldstone has entered into a relationship agreement
with BCM, as BCM will hold in excess of 20 per cent of Goldstone's
voting rights once the Goldstone Subscription completes.
Upon completion of the Goldstone Subscription (expected to take
place on 6 October 2017), Stratex's interest in Goldstone will be
diluted to 13.74 per cent.
For further details, please see Goldstone's announcement at the
following link
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GRL/13376445.html
** ENDS **
For further information please visit
www.stratexinternational.com, @StratexPLC on Twitter, email
info@stratexplc.com, or contact:
Stratex International Plc Tel: +44 (0)20 7830 9650
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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