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Stratex International Plc

(“Stratex” or the "Company”)

Goldstone Announces £1.5 M Subscription


Stratex International Plc, the AIM-quoted gold exploration and development company, advises that Goldstone Resources Limited (“Goldstone”), in which it currently holds a 22.97 per cent interest, has today announced that it has raised £1.5m before expenses by way of a subscription for new shares in Goldstone at a price of 1.5 pence per Goldstone share (the “Goldstone Subscription”). The Goldstone Subscription is conditional upon receiving the subscription proceeds. The proceeds of the Goldstone Subscription will be applied to Goldstone’s operations and the general advancement of its corporate objectives.

The subscribers comprise new and existing shareholders of Goldstone, including BCM Investment Limited (“BCM”) and Paracale Gold Limited. Goldstone has entered into a relationship agreement with BCM, as BCM will hold in excess of 20 per cent of Goldstone’s voting rights once the Goldstone Subscription completes.

Upon completion of the Goldstone Subscription (expected to take place on 6 October 2017), Stratex’s interest in Goldstone will be diluted to 13.74 per cent.

For further details, please see Goldstone’s announcement at the following link  


** ENDS **


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Stratex International Plc

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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.


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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