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Stratex International 're-balanced and re-engaging with shareholders'

Bob Foster, chief executive of Stratex International plc (LON:STI), tells Proactive's Andrew Scott they've ended the full year to 31 December 2017 with £2mln in the bank, after an eventful year.

The sale of company's 45% interest in the Altıntepe gold project in Turkey was completed in April 2017 and the proceeds of US$8mlm duly received.

Elsewhere, Aforo Resources Ltd, in which Stratex has a 7.84% interest, signed option agreements for two gold projects in Burkina Faso. One of the projects, Niare, has a non-JORC gold resource of 98,000 ounces at 1.36 grams per tonne gold.

New chief executive Tim Livesey is due to start work on March 1.

 
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