Source - RNS
RNS Number : 0622H
Stratex International PLC
02 June 2017
 

Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining

 

Stratex International Plc

 

('Stratex' or 'the Company')

 

Goldstone Announces Results of Annual General Meeting

 

Stratex wishes to report that Goldstone Resources Limited ("Goldstone"; AIM: GRL) in which it holds a 33.45 per cent interest, has announced that at its Annual General Meeting held earlier today, all resolutions received the necessary shareholder approval.

 

Resolutions passed included:

 

·    Approval for the conversion of a loan of up to £400,000 from Paracale Gold Limited; and

·   Granting of the authority to directors to issue shares on a non-pre-emptive basis, which will allow the issue of ordinary shares to certain directors in lieu of outstanding fees and salaries.

 

On conversion of the Paracale loan and issue of shares to directors, Stratex's holding in Goldstone will be 23.36%.

 

 

The full announcement by Goldstone can be found at http://www.goldstoneresources.com/investors/news-releases.html

 

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Following the publication of this announcement, this inside information is now considered to be in the public domain.

 

* * ENDS * *

 

 

For further information please visit www.stratexinternational.com, 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

Philip Secrett / 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           

 

                                                   

           

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.

 

 


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