24th Nov 2006 10:08
Stratex International PLC24 November 2006 Stratex International Plc / Market: AIM / Epic: STI / Sector: Mining 24 November 2006 Stratex International Plc ('Stratex' or 'the Company') Directors Shareholding The Company was notified yesterday that on the same day Mr. Perry Ashwood,Finance Director of Stratex, purchased 50,000 ordinary shares in the Company at9p per share. Mr. Ashwood now holds 443,172 ordinary shares in the Company, which equates to0.29% of the ordinary share capital. He is also interested in a further 951,293ordinary shares pursuant to an agreement dated 21 November 2005 whereby Mr PFoord agreed to sell such shares to Mr Ashwood subject to certain conditionsbeing fulfilled. * * ENDS * * Contacts: David Hall Stratex International Plc Tel: +44 (0)20 7830 9650 Bob Foster Stratex International Plc Tel: +44 (0)20 7830 9650 Imran Ahmad HB Corporate Tel: +44 (0)20 7510 1166 Hugo de Salis St Brides Media & Finance Ltd Tel: +44 (0)20 7242 4477 Notes to editors: Stratex International Plc is an AIM-listed exploration and development companycurrently focusing on gold and base metal opportunities in Turkey. Directed by ahighly experienced resource sector management team, Stratex's activities willidentify quality mineral resources, primarily gold, silver, copper, molybdenum,zinc, and nickel. Stratex has developed four high-priority prospects in central and western Turkeyand is undertaking an extensive exploration and resource drilling programme,together with mapping and sampling of key prospects. The Company has identifiedwidespread evidence for a 'high-sulphidation' style of gold mineralization onits Inlice property. This style of mineralization occurs at three of the largestand lowest cost gold mines placed into production in the last 15 years, namelyYanacocha, Pierina and Alto Chicama in Peru. Teck Cominco Limited The Company has a 'Strategic Alliance' with Teck Cominco Limited, a diversifiedmining company headquartered in Vancouver, Canada. Teck Cominco holds 14.5% ofthe Company. This enables the two parties to pool expertise, skills anddatabases to identify potential projects. Technical and financial risks are alsobeing reduced through the alliance with a major metal producer providingadditional project funding, a wealth of technical expertise and a ready buyerfor new resources ensuring rapid returns from discoveries. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Oriole Resources