REG - Stratex Int PLC Goldstone Resources - Changes to Goldstone Board and Management <Origin Href="QuoteRef">GRL.L</Origin> <Origin Href="QuoteRef">STIL.L</Origin>

Goldstone ResourcesAnnouncement

18/02/2016 13:30

RNS Number : 4954P
Stratex International PLC
18 February 2016
Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining
Stratex International Plc
('Stratex' or 'the Company')
Changes to Goldstone Board and Management
Stratex International Plc, the AIM-quoted exploration and development company, announces that Goldstone Resources Limited ("Goldstone"; AIM: GRL), in which the Company holds a 33.45% interest, has today announced that its Managing Director and Chief Executive Officer Jurie Wessels has resigned as a director of Goldstone and his services as an employee of Goldstone have been terminated with immediate effect. Stratex Director Emma K Priestley has been appointed as Interim Chief Executive Officer of Goldstone to ensure the orderly continuation of Goldstone's business. Ms Priestley is not a director of Goldstone but will be answerable to the Goldstone board of directors.
The full text of the announcement by Goldstone can be found at http://www.goldstoneresources.com/investors/news-releases.html. 
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For further information please visit www.stratexinternational.com, emailinfo@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 / Jen Clarke / Daniel Bush 
Northland Capital Partners Limited
Tel: +44 (0)20 7382 1100 
Gerry Beaney / David Hignell (Corporate Finance)
Abigail Wayne / John Howes (Broking)
Yellow Jersey PR Limited
Tel: +44 (0)7768 537739
Dominic Barretto / Harriet Jackson
 
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 achieved first gold pour at its 45%-owned Altntepe gold mine in Turkey in November 2015 and recently sold its 1% Net Smelter Returns royalty in the kst gold project for US$4.5 million. It also owns 30% of a copper-gold project at feasibility stage.With its current cash position, projected cash returns and no debt, the Company is 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.

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