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Loan Repayment

14th May 2018 11:22

RNS Number : 9779N
Stratex International PLC
14 May 2018
 

Stratex International Plc

 

('Stratex' or 'the Company')

 

Loan Repayment

 

Stratex International Plc, the AIM-quoted gold exploration and development company focused on Turkey and Africa reports that it has today received full repayment of the loan made to Crusader Resources Limited ("Crusader") last year (see Announcements dated 25 July and 6 November 2017).

 

Consequently, the Company has received a total of A$1,623,945.21 (£885,086.32), which includes 12% compound interest on the original loan amount of A$1,500,000, as full settlement in accordance with the terms of the loan.

 

** ENDS **

 

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Following the publication of this announcement, this inside information is now considered to be in the public domain.

 

For further information please visit www.stratexinternational.com, @StratexPLC on Twitter, 

or contact:

Stratex International Plc

Tel: +44 (0)20 830 9650

Tim Livesey / Claire Bay

Camarco (IR/PR Contact)

Tel: +44 (0)20 3757 4980

Gordon Poole / Nick Hennis / Monique Perks

Grant Thornton UK LLP

Tel: +44 (0)20 7383 5100

Samantha Harrison

Hannam & Partners

Tel: +44 (0)20 7907 8500

Neil Passmore / Andrew Chubb

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 an exciting exploration project in Senegal on which it has signed an option earn-in agreement with IAMGOLD and 14.87% of a copper-gold project at feasibility stage in Turkey, which will likely default to a 1.2% (post-Turkish tax) royalty position during H1-2018. The Company also has significant interests in Thani Stratex Resources Ltd, Tembo Gold Corp. and Aforo Resources Limited for their exploration projects in Djibouti and Egypt, Tanzania and Burkina Faso, respectively. The Company is currently pursuing value-accretive opportunities within its existing portfolio as well as identifying new value-appropriate projects in Africa and Europe.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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