Business
Stellar AfricaGold Announces Shares for Debt Settlement
(TheNewswire) VANCOUVER, BC – TheNews w ire – March 13, 2024 - ...
About this update from Stellar Africagold, Inc.
[{"type":"text","content":"Stellar AfricaGold Announces Shares for Debt Settlement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n VANCOUVER, BC – TheNews\n \n \n w\n \n \n ire –\n \n \n March\n13, 2024 -\n \n \n STELLAR AFRICAGOLD\nINC\n \n \n . (TSXV:SPX) (the “\n \n \n Company\n \n \n ” or\n“\n \n \n Stellar\n \n \n ”)\n \n \n announces it has agreed to issue\nan aggregate 8,473,763 common shares in the capital of the Company at\nan agreed price of $0.025 per share to settle approximately $211,845\nin debt (the “\n \n \n Shares for\nDebt Settlement\n \n \n ”) with arms-length creditors.\n \n \n \n \n The board of directors and management of the Company\nbelieve that the proposed Shares for Debt Settlement is in the best\ninterests of the Company because it allows the Company to preserve its\nlimited cash on hand for essential operations.\n \n \n \n \n The Shares for Debt Settlement is subject to TSX\nVenture Exchange approval.\n \n \n \n \n The settlement shares will be subject to a statutory\nfour-month and one day hold period from the date of issuance.\n \n \n \n \n ABOUT STELLAR AFRICAGOLD INC.\n \n \n \n \n Stellar AfricaGold\n \n \n Inc\n \n \n . is a Canadian precious metal\nexploration company listed on the TSX Venture Exchange symbol TSX.V:\n \n \n SPX\n \n \n , the\nTradegate Exchange TGAT:\n \n \n 6YP1\n \n \n and the Frankfurt Stock Exchange FSX:\n \n \n 6YP1\n \n \n .\n \n \n \n \n The Company has its head officed in Vancouver, BC and\nhas a representative office in Casablanca, Morocco.\n \n \n \n \n Stellar’s principal exploration project is its\nadvancing gold discovery at the Tichka Est Gold Project in Morocco.\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 \n \n Stellar’s President\nand CEO J. François Lalonde\n \n \n can be contacted at\n514-994-0654 or by email at\n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n Additional information is available on the Company’s\nwebsite at\n \n \n \n \n www.stellarafricagold.com\n \n \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...