Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining
Stratex International Plc
('Stratex' or 'the Company')
Retirement of Chairman
Stratex International Plc, the AIM-quoted exploration and development company focused on gold and base metals in West Africa and Turkey, where it holds a significant interest in a producing gold mine, announces the retirement of Chairman Christopher Hall with effect from 31 December 2016. Christopher will be replaced as Chairman by Peter Addison, the Company's Independent Non-Executive Director. Peter has been a Director of Stratex since 2008.
Christopher, who joined Stratex in 2008 and was appointed Chairman in 2011, had been planning to retire in 2017 and, following the appointment of Marcus Engelbrecht as Chief Executive in September, on the retirement of founding CEO Bob Foster, he has decided that the time is now right to step down from the Board.
His successor Peter Addison, who will take over the Chairmanship on 1 January 2017, commented: 'The Board is extremely grateful to Christopher for his leadership and the valuable contribution he has made to the success of the Company.'.
Peter joined Stratex in 2008 as an experienced non-executive director and chairman. He was a solicitor and practiced in the City for over 20 years before joining English Trust, a corporate advisory bank. Peter specialised in providing corporate finance advice to a wide range of public companies in the UK and Ireland. He was previously Chairman of Qualceram Shires plc, a listed Irish company, and of AIM-quoted SiRViS IT plc.
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For further information please visit www.stratexinternational.com, email[email protected], or contact:
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Stratex International Plc
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Tel: +44 (0)20 7830 9650
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Marcus Engelbrecht / Christopher Hall / Claire Bay
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Grant Thornton UK LLP
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Tel: +44 (0)20 7383 5100
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Philip Secrett / Samantha Harrison / Daniel Bush
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Hannam & Partners
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Tel: +44 (0)20 7907 8500
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Neil Passmore/ Andrew Chubb
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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 a 45% share of the Altıntepe gold mine in Turkey. It also owns 14.87% of a copper-gold project at feasibility stage and an exciting exploration project in Senegal. With its experienced management team, the Company is well-placed to advance its existing exploration programmes and is actively seeking to acquire near or at production assets and advanced exploration projects.