Business
Stellar AfricaGold Trading Halt
(via TheNewswire) Vancouver, BC - TheNewswire - January 9, 2020 - John Cummin...
About this update from Stellar Africagold, Inc.
[{"type":"text","content":"Stellar AfricaGold Trading Halt(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - January 9, 2020 - John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSXV:SPX) (\"Stellar\" or the \"Company\") reports:\n\n \n \nTrading Halt\n\n \n \nTrading in the shares of Stellar was halted at the opening of the market on January 9, 2019 at the request of the Company pending acceptance by the TSX Venture Exchange (\"TSX-V\") of a Fundamental Acquisition.\n\n \n \nOn January 7, 2017 stellar announced that had optioned up to a 100% interest in Birimian Geology Exploration SARL (\"BGE\"), a Cote d'Ivoire company, which holds two d gold exploration permits (pending) in Cote d'Ivoire.\n\n \n \nBecause this acquisition will be the only asset in Stellar (Stellar sold its Balandougou Gold Project in October 2019) this Cote d'Ivoire acquisition, by definition, constitutes a Fundamental Acquisition as defined by Listings Policy 5.3 and a halt in trading is mandated under that Policy.\n\n \n \nStellar has made its initial filing as required by Listings Policy 5.3 and will proceed as quickly as possible to complete and file the documentation that will be required by the TSX-V pursuant to Listings Policy 5.3.\n\n \n \nThe stock will resume trading only after required documentation is filed and the TSX-V has approved the acquisition.\n\n \n \nABOUT STELLAR AFRICAGOLD INC.\n\n \n \nStellar AfricaGold Inc. is a Canadian gold company with offices in Vancouver, BC and Montreal, QC. Stellar's exploration activities are in North and West Africa.\n\n\n \nStellar has been active in West Africa since 2009. In October 2017 Stellar closed the all-cash sale of its Balandougou Gold Project in Guinea for $5.13M.\n\n\n \nStellar is focusing its future exploration activities in Morocco and Ivory Coast, jurisdictions that are politically stable, geologically desirable, mining friendly and relatively underexplored, a highly favourable investment combination. \n\n\n \nThe technical content of this press release has been reviewed and approved by Yassine Belkabir, MSc DIC, CEng, MIMMM, a director of the Company and a Qualified Person as defined in NI 43-101. \n\n \n \nOn Behalf of the Board\n\n\n \n\n\n \n \nJohn Cumming, LLM,\n\n\n \nPresident & CEO\n\n\n \nThis release contains certain \"forward-looking information\" under applicable Can...