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The board of Stratex International (LN:STI) has rejected propositions from shareholders holding a combined 24% minority to make executive management changes and turn its back on the Crusader Resources (AU:CAS) merger.
Crusader's Borborema gold project is expected to produce 180,000ozpa over nine years
It was requested that the merger with Crusader be terminated and the current CEO, Marcus Engelbrecht, and chairman, Peter Addison, be replaced by former Stratex directors David Hall and Paul Foord,
Suspended company to jettison AIM listing after costly secondary listing fails
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