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Released 17:44 14-May-2012
Number 3203D17

Stratex International Plc

("Stratex" or "The Company") 

Result of AGM

Stratex International Plc, the AIM-quoted exploration and development company focussed on gold and base metals in Turkey, East Africa and West Africa, held its AGM at 3pm today and all resolutions were duly passed.

The presentation is available at the Company's web site www.stratexinternational.com.

 

* * ENDS * *

For further information please visit www.stratexinternational.com, email [email protected], or contact:

Stratex International Plc

Tel: +44 (0)20 7830 9650

 

Bob Foster / Perry Ashwood / Claire Bay

Grant Thornton Corporate Finance

Tel: +44 (0)20 7383 5100

Gerry Beaney / Melanie Frean / Jen Clarke

Northland Capital Partners Limited

Tel: +44 (0)20 7796 8800

Gavin Burnell / John Howes (Sales)

Yellow Jersey PR Limited

Tel: +44 (0)20 3664 4087

Dominic Barretto / Anna Legge / Philip Ranger        

 

Notes to editors:

Stratex International is a well-funded AIM-quoted exploration and development company focussed on gold and high-value base metals in Turkey, East Africa and West Africa. Since listing on AIM in 2006, Stratex has had an impressive track record of successful exploration supported by joint-venture partnerships, both with major international mining companies and local companies to maximise the potential of its discoveries.

In December 2012 the Company announced the sale of its 30% interest in the Öksüt gold project for cash of 20 times its original US$1 million investment and retained a royalty of 1% up to a maximum additional value of US$20 million.

It currently has a substantial portfolio of projects, with Altıntepe in Turkey scheduled for gold production in late 2013 or Q1 2014. To date Stratex has discovered more than 2.2 million ounces of gold and 7.9 million ounces of silver, as well as 186,000 tonnes of copper. As at end-April 2013, the Company has a cash balance of approximately £17 million and is therefore well-placed to advance its existing exploration programmes and is also seeking to acquire advanced projects that are at the drill-ready stage or even have identified resources.

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