(via TheNewswire)
Vancouver, British Columbia – TheNewswire - February 18, 2025 – Stellar AfricaGold Inc. (TSX-V: SPX) ("Stellar" or the "Company") is pleased announce a non-brokered private placement offering (the "Offering") of up to 15,000,000 common shares (each a "Share") at a price of $0.10 per Share, for gross proceeds of up to $1,500,000.
The Private Placement is scheduled to close on or about February 28, 2025 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange (the “TSX-V”).
The proceeds from the Offering will be allocated towards financing exploration efforts at the Company’s Tichka Est Gold Project in Morocco, the Zuénoula gold property in the Ivory Coast, and for general corporate purposes and working capital.
All shares issued under this Offering will be subject to a mandatory investment hold period of four months plus one day from the date of issuance, in accordance with applicable securities laws.
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the 1933 Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
ABOUT STELLAR AFRICAGOLD INC.
Stellar AfricaGold Inc. is a Canadian precious metal exploration company listed on the TSX Venture Exchange symbol TSX.V: SPX, the Tradegate Exchange TGAT: 6YP and the Frankfurt Stock Exchange FSX: 6YP.
The Company maintains its head office in Vancouver, BC and has a representative office in Casablanca, Morocco.
Stellar’s principal exploration projects are its advancing gold discovery at the Tichka Est Gold Project in Morocco, and its early-stage exploration Zuenoula Gold Project in Côte d’Ivoire.
Stellar’s President and CEO J. François Lalonde can be contacted at +1 514-9940654 or by email at lalondejf@stellarafricagold.com
Additional information is available on the Company’s website at www.stellarafricagold.com.
On Behalf of the Board
J. François Lalonde
J. François Lalonde
Risks and uncertainties about the Company’s business are more fully discussed in the Company’s disclosure materials, including its reports filed with the Canadian securities regulators and which can be obtained from www.sedarplus.com.
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