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Stratex merger 'really exciting for the company' - CEO Marcus Engelbrecht

Marcus Engelbrecht, chief executive of Stratex International plc (LON:STI) talks Proactive's Andrew Scott through the news they're to merge with Crusader Resources Ltd (ASX:CAS).

Crusader has two advanced gold projects in Brazil, Borborema and Juruena, with combined JORC-compliant resources of 2.7Moz Au, as well as the Posse iron ore mine.

The share based-deal values Crusader at £31.1mln (A$54.2mln) and will see its shareholders end up with an 81% stake in the enlarged company.

 

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