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

Stratex International Plc

('Stratex' or 'the Company') 

Goldstone Change of Holdings

Stratex International Plc, the AIM-quoted exploration and development company focused on gold and base metals in East Africa, West Africa and Turkey, where it holds a significant interest in a producing gold mine, advises that Goldstone Resources Limited (“Goldstone”; AIM: GRL), in which the Company holds a 33.45% interest, has today announced that Red Rock Resources plc (“Red Rock Resources”) and Metal Tiger plc (“Metal Tiger”) will jointly acquire Unity Mining Ltd’s 19.29% shareholding (12,013,173 ordinary shares) in Goldstone (the “Transaction”) for an aggregate consideration of £225,000. The Transaction is expected to complete on 3^rd May 2016, and a result, Red Rock Resources and Metal Tiger will hold 9.65% and 13.26% of the issued share capital of Goldstone respectively. The Transaction will have no impact on Stratex’s 33.45% interest in the voting rights of Goldstone.

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, email [email protected], or contact:

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 Altıntepe gold mine in Turkey in November 2015 and recently sold its 1% Net Smelter Returns royalty in the Öksüt 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.