Stratex sells stake in Goldstone

Aim-listed gold exploration and development company Stratex has sold its 13.7% stake in Goldstone Resources to institutional investors at a price of 1.6p a share for a total cash consideration of £0.55-million. “Following the dilution of Stratex's shareholding in Goldstone, resulting from a recent capital raise, the company's ownership has dropped below what is considered meaningful,” the company said in a statement on Tuesday.