Latest News

| 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |


For further information please contact our Media Relations:

107 Cheapside

Tel: +44 (0) 20 3757 4980

Stratex International Plc 

(“Stratex” or the "Company”)

Shareholder Requisition Update


Stratex International Plc, the AIM-quoted gold exploration and development company, announces that, further to the announcement on 8 September 2017, it has now received a valid notice from a group of investors collectively representing approximately a 24% minority interest in the Company pursuant to sections 168, 303 and 304 of the Companies Act 2006 (the “Act”) requisitioning the Company to convene a General Meeting and to consider certain proposed resolutions (the “Requisition”).  The purpose of the proposed resolutions is to consider the appointment of two new directors, David Hall and Paul Foord, both of whom are members of the Requisitioning Shareholders, in place of the current CEO and Chairman and for the proposed acquisition of Crusader Resources Limited (“Crusader”) to be terminated.

The board of directors (the “Board”) does not welcome the requisition or proposed resolutions and considers them without foundation or merit and firmly believes that they are not in the best interest of the Company or shareholders. The Board and its advisers are in discussions to seek a resolution to the concerns of the Requisitioning Shareholders.

The Requisitioning Shareholders include AngloGold Ashanti and Teck Resources.

The Board intends, in accordance with section 304 of the Act, to call a general meeting within 21 days of the date of receipt of the valid Requisition and to hold such general meeting on a date not more than 28 days after the date of the notice convening such general meeting. A requisitioning shareholder statement that accompanied the Requisition, will be circulated to shareholders, in accordance with section 314 of the Act.

Further announcements will be made in due course. Shareholders are advised to take no action at this time.


** ENDS **


For further information please visit, @StratexPLC on Twitter,                                 email [email protected], or contact:


Stratex International Plc

Tel: +44 (0)20 7830 9650

Marcus Engelbrecht / 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




Tel: +44 (0)20 3757 4980

Gordon Poole / Nick Hennis / Monique Perks



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.

Stratex's new interim chief kicks off strategic review of assets

Stratex expects to update the market on its review and announce a permanent new chief executive in t...

Stratex says Thani Stratex statement has been tweaked; no change to headline number

The inferred mineral resource remains unchanged at 209,000 ounces at 1.11 grams per tonne

Stratex says a few tweaks required to Anbat maiden resource estimate

Thani Stratex is working on rectifying a couple of “deficiencies” with the maiden resource estimate ...

Stratex drill programme unearths maiden gold resource at Anbat project

Some 2,017 metres have been drilled in eleven holes, and it has now declared a maiden resource for t...

Bob Foster officially confirmed as top man at Stratex

Bob Foster has over 40 years experience in the mining industry

designed and produced by