Goliath Resources stock surges on drill results at Golddigger property in BC’s Golden Triangle
The Golddigger property spans 666 square kilometres within the Golden Triangle’s Eskay Rift.
(via TheNewswire)
This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.
Montreal, QC – TheNewswire – January 14, 2025 - Mr. Jean-Francois Lalonde reports that he has acquired an ownership position in the securities of Stellar AfricaGold Inc. (TSX-V: SPX) (“Stellar” or the “Issuer”) as represented by the acquisition, on an aggregate direct and indirect basis, of 1,166,667 common shares of the Issuer (the “Acquired Common Shares”) so acquired pursuant to a debt settlement agreement dated September 27, 2024 (the “Debt Settlement”).
The Acquired Common Shares were issued at a deemed price of $0.06 per share to settle $70,000 in debts owed to Mr. Lalonde, as so likewise and more particularly set forth in the Form 62-103F1 associated with this notice.
The Acquired Common Shares represent 4.15% of the outstanding common shares of the Issuer.
As at the date hereof, Mr. Lalonde now owns and controls, on an aggregate direct and indirect basis, a total of 3,361,917 common shares of Stellar, representing approximately 11.47% of the Issuer’s now outstanding common shares.
In addition, Mr. Lalonde holds 300,000 Common Share stock options and 2,000,000 Common Share purchase warrants, and if Mr. Lalonde were to exercise the Common Share stock options and the Common Share purchase warrants, Mr. Lalonde would hold 17.92*% of the then outstanding common shares of the Issuer on a fully diluted basis (provided no further shares are issued).
*The warrants contain a restriction prohibiting the exercise of the warrants should the bring the Acquiror’s ownership to greater than 19.99% of the Issuer’s Common Shares.
The described securities acquired were so acquired by Mr. Lalonde for investment purposes. Mr. Lalonde may acquire additional securities of the Issuer either on the open market or through private acquisitions or sell securities of the Issuer either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. Other than the foregoing, Mr. Lalonde does not have plans or any future intentions which relate to or would result in any of the other foregoing matters.
“Jean-Francois Lalonde”
Jean-Francois Lalonde
The Form 62-103F1 – Required Disclosure under the Early Warning Requirements associated with this news release can be obtained from SEDAR+ at www.sedarplus.ca. In the alternate, to obtain a copy of the report, please contact Mr. Lalonde at 514-994-0654.
The TSX Venture Exchange has not reviewed, approved or disapproved the contents of this press release.
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