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Stratex International Plc

('Stratex' or 'the Company')

Confirmation of Interim CEO Appointment

 

Stratex, the AIM-quoted gold exploration and development company, announces that further to the announcement dated 8 November 2017 and completion of standard regulatory due diligence, Dr Bob Foster has been appointed to the Board of Stratex as interim CEO with immediate effect.

Bob Foster has over 40 years’ experience as a professional economic geologist in exploration, mining, and applied academic posts, and has particular expertise in the genesis of and exploration for gold deposits, having worked in Europe, Central Asia, North and South America, and throughout Africa. Following ten years in the mining industry in Rhodesia (now Zimbabwe) he joined Southampton University in 1984 where he subsequently devoted more than 15 years to lecturing and managing a large applied research group investigating ore-forming processes and mineral exploration strategies on regional and area scales and within operating mines. He has published numerous scientific and technical papers and has been an invited keynote speaker at many international scientific and technical conferences around the world 

During his time at Southampton University he also undertook numerous consultancy projects with major and junior mining companies and was a founding member of the management team of Pan-African Mining Pvt Ltd that developed the open pit Ayrshire gold mine in Zimbabwe in 1991-1996. He also directed a major gold exploration programme for associated company Pan-Reef Mining in Zimbabwe during 1994-1996. From 1998 until 2004 he was Minerals Manager for consultancy group Exploration Consultants Ltd. Bob co-founded Stratex in 2004 and was formerly CEO until September 2016.

 

Further details on Dr Bob Foster

Robert Peter Foster (aged 69) is, or has been, a director or partner of the following companies or partnerships during the past five years:

 

Current directorships and partnerships

Past directorships and partnerships

Equator Gold Limited

Stratex Madencilik Sanayi ve Ticaret Limited Sirketi

Bob Foster & Associates Ltd

Altintepe Madencilik Sanayi ve Ticaret Anonim Sirketi

Ground Truth Ltd

Goldstone Resources Limited

Ground Modelling Technologies Ltd

Stratex Gold AG

Resource Exploration and Development (Pty) Ltd

Stratex West Africa Limited

Rockover Resources Ltd

Stratex Exploration Limited

Rovuma Holdings Ltd

Stratex International Plc

Rockover Mozambique Limitada

Tembo Gold Corp.

Rovuma Resources Ltd

Muratdere Madencilik Sanayi ve Ticaret Anonim Sirketi

Rovuma Resources Limitada

Stratex East Africa Limited

Cabo Delgado Exploration Limited

Oksut Madencilik Sanayi ve Ticaret Anonim Sirketi

 

Tasifye Halinde NS Madencilik Sanayi ve Ticaret Anonim Sirketi (formerly NS Madencilik Sanayi ve Ticaret Anonim Sirketi)

 

Bob Foster has a beneficial interest in 7,719,404 ordinary shares of 1 pence each in the capital of the Company (“Ordinary Shares”), representing 1.65 per cent of the issued share capital of the Company. Bob Foster also holds options over 5,003,577 Ordinary Shares.

 

There is no further information required to be disclosed in respect of the above appointment pursuant to Schedule 2 (g) of the AIM Rules for Companies.

 

* * 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

Bob Foster / 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

 

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

 

 

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