Stratex International PLC Goldstone Announces Results of AGM (0622H)

TIDMSTI

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 GBP400,000 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

[e-mail], or contact:

 
 Stratex International        Tel: [phone] 
  Plc 
 Marcus Engelbrecht / Claire Bay 
 Grant Thornton UK LLP        Tel: [phone] 
 Philip Secrett / Samantha Harrison / Daniel Bush 
 Hannam & Partners            Tel: [phone] 
 Neil Passmore/ Andrew 
  Chubb 
 Camarco                      Tel: [phone] 
 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 02, 2017 10:46 ET (14:46 GMT)