Business
Stellar Africagold Announces First Closing of Private Placement
(TheNewswire) Vancouver, British Columbia – March 17, 2025 – ...
About this update from Stellar Africagold, Inc.
[{"type":"text","content":"Stellar Africagold Announces First Closing of Private Placement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British Columbia – March 17,\n2025\n \n\n –\n \n\n TheNewswire -\n \n\n Stellar\nAfricaGold Inc. (TSX-V: SPX) (\"Stellar\" or the\n\"Company\") announces the first closing of the non-brokered\nprivate placement offering (the \"Offering\") announced on\nFebruary 18, 2025. The Company issued 10,300,000 common shares\n(\"Share\") at a price of $0.10 per Share, for aggregate gross\nproceeds of $1,030,000.  The proceeds from the Offering will be\nallocated towards financing exploration efforts at the Company’s\nadvancing gold discovery at the Tichka Est Gold Project in Morocco,\nthe early-stage exploration at the Zuénoula Gold Project in\n \n\n Côte d’Ivoire\n \n\n , and for\ngeneral corporate purposes and working capital.\n \n\n\n\n In accordance with applicable securities laws all\nShares are subject to a statutory hold period of four months plus one\nday from the date of issuance.\n \n\n\n\n ABOUT STELLAR AFRICAGOLD INC.\n \n\n\n\n Stellar AfricaGold Inc. is a Canadian precious metal\nexploration company listed on the TSX Venture Exchange symbol\nTSX.V:\n \n\n SPX\n \n\n , the Tradegate Exchange TGAT:\n \n\n 6YP\n \n\n and the Frankfurt\nStock Exchange FSX:\n \n\n 6YP\n \n\n .\n \n\n\n\n The Company maintains its head office in Vancouver, BC\nand has a representative office in Casablanca, Morocco.\n \n\n\n\n Stellar’s principal exploration projects are its\nadvancing gold discovery at the Tichka Est Gold Project in Morocco,\nand its early-stage exploration Zuenoula Gold Project in\n \n\n\n\n Côte\nd’Ivoire\n \n\n .\n \n\n\n\n The technical content of this press release has been\nreviewed and approved by M. Yassine Belkabir,\n \n\n MScDIC, CEng, MIMMM, a Stellar director and a Qualified\nPerson\n \n\n\n\n as defined\nin NI 43-101.\n \n\n\n\n Stellar’s President and CEO J. François Lalonde can\nbe contacted at +1 514-9940654 or by email at\n \n\n\n [email protected]\n \n\n\n\n\n\n\n Additional information\nis available on the Company’s website at\n \n\n\n www.stellarafricagold.com\n \n\n\n .\n \n\n\n\n On Behalf of the Board\n \n\n\n\n J. François Lalonde\n \n\n\n\n J. François Lalonde\n \...