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Stratex parts ways with Engelbrecht

Shareholders voted down a proposed acquisition at a recent general meeting
meeting
The constitution of the new board remains under consideration

Stratex International plc (LON:STI) announced late on Monday that following the results of the General Meeting on 1 November 2017, Marcus Engelbrecht has now left the company.

Engelbrecht had been removed from the board by a vote at the general meeting, but remains an employee of the company.

READ: Stratex chief stands down after losing Crusader merger vote

However, Stratex said his employment had now been “terminated.”

READ: Stratex issues rebuttal to proposals from dissident shareholders

The meeting also resulted in a vote to cancel the acquisition of Brazilian-based gold company Crusader Resources and the company has now begun formal proceedings to do so.

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Stratex International plc Timeline

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