Stratex International PLC Confirmation of Interim CEO Appointment (5616X)
27 November 2017 - 6:00PM
UK Regulatory
TIDMSTI
RNS Number : 5616X
Stratex International PLC
27 November 2017
Stratex International Plc
('Stratex' or 'the Company')
Confirmation of Interim CEO Appointment
Stratex, the AIM-quoted gold exploration and development
company, announces that further to the announcement dated 8
November 2017 and completion of standard regulatory due diligence,
Dr Bob Foster has been appointed to the Board of Stratex as interim
CEO with immediate effect.
Bob Foster has over 40 years' experience as a professional
economic geologist in exploration, mining, and applied academic
posts, and has particular expertise in the genesis of and
exploration for gold deposits, having worked in Europe, Central
Asia, North and South America, and throughout Africa. Following ten
years in the mining industry in Rhodesia (now Zimbabwe) he joined
Southampton University in 1984 where he subsequently devoted more
than 15 years to lecturing and managing a large applied research
group investigating ore-forming processes and mineral exploration
strategies on regional and area scales and within operating mines.
He has published numerous scientific and technical papers and has
been an invited keynote speaker at many international scientific
and technical conferences around the world.
During his time at Southampton University he also undertook
numerous consultancy projects with major and junior mining
companies and was a founding member of the management team of
Pan-African Mining Pvt Ltd that developed the open pit Ayrshire
gold mine in Zimbabwe in 1991-1996. He also directed a major gold
exploration programme for associated company Pan-Reef Mining in
Zimbabwe during 1994-1996. From 1998 until 2004 he was Minerals
Manager for consultancy group Exploration Consultants Ltd. Bob
co-founded Stratex in 2004 and was formerly CEO until September
2016.
Further details on Dr Bob Foster
Robert Peter Foster (aged 69) is, or has been, a director or
partner of the following companies or partnerships during the past
five years:
Current directorships Past directorships and
and partnerships partnerships
------------------------- ---------------------------------
Equator Gold Limited Stratex Madencilik Sanayi
ve Ticaret Limited Sirketi
------------------------- ---------------------------------
Bob Foster & Associates Altintepe Madencilik Sanayi
Ltd ve Ticaret Anonim Sirketi
------------------------- ---------------------------------
Ground Truth Ltd Goldstone Resources Limited
------------------------- ---------------------------------
Ground Modelling Stratex Gold AG
Technologies Ltd
------------------------- ---------------------------------
Resource Exploration Stratex West Africa Limited
and Development (Pty)
Ltd
------------------------- ---------------------------------
Rockover Resources Stratex Exploration Limited
Ltd
------------------------- ---------------------------------
Rovuma Holdings Ltd Stratex International
Plc
------------------------- ---------------------------------
Rockover Mozambique Tembo Gold Corp.
Limitada
------------------------- ---------------------------------
Rovuma Resources Muratdere Madencilik Sanayi
Ltd ve Ticaret Anonim Sirketi
------------------------- ---------------------------------
Rovuma Resources Stratex East Africa Limited
Limitada
------------------------- ---------------------------------
Cabo Delgado Exploration Oksut Madencilik Sanayi
Limited ve Ticaret Anonim Sirketi
------------------------- ---------------------------------
Tasifye Halinde NS Madencilik
Sanayi ve Ticaret Anonim
Sirketi (formerly NS Madencilik
Sanayi ve Ticaret Anonim
Sirketi)
------------------------- ---------------------------------
Bob Foster has a beneficial interest in 7,719,404 ordinary
shares of 1 pence each in the capital of the Company ("Ordinary
Shares"), representing 1.65 per cent of the issued share capital of
the Company. Bob Foster also holds options over 5,003,577 Ordinary
Shares.
There is no further information required to be disclosed in
respect of the above appointment pursuant to Schedule 2 (g) of the
AIM Rules for Companies.
* * ENDS * *
For further information please visit
www.stratexinternational.com, @StratexPLC on Twitter, email
info@stratexplc.com, or contact:
Stratex International Plc Tel: +44 (0)20 7830 9650
Bob Foster / 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
Camarco Tel: +44 (0)20 3757 4980
Gordon Poole / Nick Hennis
/ Monique Perks
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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