Business
Stellar AfricaGold - Shares For Debt Settlement
(via TheNewswire) Vancouver, BC / TheNewswire / February 23, 2018 - John Cumming , ...
About this update from Stellar Africagold, Inc.
[{"type":"text","content":"Stellar AfricaGold - Shares For Debt Settlement(via TheNewswire)\n\n \nVancouver, BC / TheNewswire / February 23, 2018 - John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSX-V: SPX) (\"Stellar\" or the \"Company\") announces shares for debt settlement pursuant to which Stellar issue 140,000 common shares at a deemed price of $ 0.05 per share to debentureholders to settle $ 7,000 in interest due as of September 22, 2017 being interest owed on an outatnding balance of $140,000 of convertible debentures which closed on September 22, 2016. The debenture bears interest at the rate of 10% per annum, payable semi-annually in cash or shares. The share for debt settlement is subject to the approval of the TSX Venture Exchange.\n\n \n \nABOUT STELLAR AFRICAGOLD INC.\n\n \n \nStellar AfricaGold Inc. is a Canadian gold exploration Company with offices in Vancouver, BC and Montreal, QC, with operations concentrated in West Africa and in Quebec. \n\n \n \nThe Company is developing the promising gold potential of the Balandougou project in Guinea, including installation of a 150 t/p/d gravity mill and processing of a 15,000 tonne gold-mineralized oxide bulk sample. (see News Release March 1, 2017) \n\n \n \nThe Company also owns the Namarana project in neighbouring Mali. In Quebec, the Company owns 100% of the Opawica Project in the Chibougamau mining camp.\n\n \n \nThe technical content of this press release has been reviewed and approved by independent consultant Greg Isenor, P. Geo, a Qualified Person as defined in NI 43-101. \n\n \n \nFor further information please contact:\n\n\n \nJohn Cumming, President & CEO, Stellar AfricaGold Inc.,\n\n\n \n4908 Pine Crescent, Vancouver, BC, V6M 3P6, or \n\n\n \nMaurice Giroux, VP Exploration, Stellar AfricaGold Inc., \n\n\n \n1035 West Laurier Street, Suite 201, Montreal (Quebec) H2V 2L1. \n\n\n \nTel.: 514-866-6299 Email: [email protected] \n\n\n \nAdditional information is available on the Company's website at www.stellarafricagold.com.\n\n \n \nOn Behalf of the Board\n\n\n \nJohn Cumming, LLM,\n\n\n \nPresident & CEO\n\n\n \nThis release contains certain \"forward-looking information\" under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company's current internal expectations or beliefs and is...