22nd May 2007 11:45
Stratex International PLC22 May 2007 Stratex International Plc / Market: AIM / Epic: STI / Sector: Mining 22nd May 2007 Stratex International Plc ('Stratex' or 'the Company') Issue of Equity The Company has received applications to exercise 2,000,000 options to subscribefor new Ordinary Shares (the "New Shares"). The New Shares will be issued and allotted and they will rank pari passu withthe existing Ordinary Shares of 1p each in the Company. Application has been made for these New Shares to be admitted to trading at08.00 on 25 May 2007. The total number of Ordinary Shares in issue following this exercise of optionswill be 155,616,667. * * ENDS * * Contacts: David Hall Stratex International Plc Tel: +44 (0)20 7830 9650 Bob Foster Stratex International Plc Tel: +44 (0)20 7830 9650 Anita Ghanekar Hanson Westhouse Limited Tel: +44 (0)20 7601 6100 Hugo de Salis St Brides Media & Finance Ltd Tel: +44 (0)20 7242 4477 Notes to editors: Stratex International Plc is an AIM-quoted 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 potential of the Inliceand surrounding Konya projects has been substantiated by the comparison made byDr. Richard Sillitoe with the Maricunga district in Chile. Prior to 1980, theMaricunga had no known copper or gold mineralization and due to new explorationhas past production and reserve / resources of 40 million ounces. Teck Cominco Limited The Company has a 'Strategic Alliance' with Teck Cominco Limited, a diversifiedmining company headquartered in Vancouver, Canada. Teck Cominco holds 13.35% 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