(TheNewswire)
VANCOUVER, BC – TheNews w ire – March20, 2024 - STELLAR AFRICAGOLDINC . (TSXV:SPX) (the “ Company ” or“ Stellar ”) announces that, further to itsnews release of March 13, 2024, the Company has increased the amountof debt to be settled from $211,845 to $226,388, Subject to TSX-Vacceptance, the debt will be settled by the issuance of 9,055,510common shares at $0.025 per share (the “ Shares for Debt Settlement ”). In all other respects the terms of the Shares for DebtSettlement remain the same.
ABOUT STELLAR AFRICAGOLD INC.
Stellar AfricaGold Inc . is a Canadian precious metalexploration company listed on the TSX Venture Exchange symbol TSX.V: SPX , theTradegate Exchange TGAT: 6YP1 and the Frankfurt Stock Exchange FSX: 6YP1 .
The Company is head officed in Vancouver, BC and has arepresentative office in Casablanca, Morocco.
Stellar’s principal exploration project is itsadvancing gold discovery at the Tichka Est Gold Project in Morocco.
Stellar’s Presidentand CEO J. François Lalonde can be contacted at514-994-0654 or by email at lalondejf@stellarafricagold.com
Additional information is available on the Company’swebsite at www.stellarafricagold.com .
On Behalf of the Board
J. François Lalonde
President & Director
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
Disclaimer &Forward-Looking Statements:
This release contains certain"forward-looking information" under applicable Canadiansecurities laws concerning the Arrangement. Forward-lookinginformation reflects the Company’s current internal expectations orbeliefs and is based on information currently available to theCompany. In some cases forward-looking information can be identifiedby terminology such as "may", "will","should", "expect", "intend","plan", "anticipate", "believe","estimate", "projects", "potential","scheduled", "forecast", "budget" or thenegative of those terms or other comparable terminology. Many of theseassumptions are based on factors and events that are not within thecontrol of the Company, and there is no assurance they will prove tobe correct or accurate. Risk factors that could cause actual resultsto differ materially from those predicted herein include, withoutlimitation: that the business prospects and opportunities of theCompany will not proceed as anticipated; changes in the global pricesfor gold or certain other commodities (such as diesel, aluminum andelectricity); changes in U.S. dollar and other currency exchangerates, interest rates or gold lease rates; risks arising from holdingderivative instruments; the level of liquidity and capital resources;access to capital markets, financing and interest rates; mining taxregimes; ability to successfully integrate acquired assets;legislative, political or economic developments in the jurisdictionsin which the Company carries on business; operating or technicaldifficulties in connection with mining or development activities; lawsand regulations governing the protection of the environment; employeerelations; availability and increasing costs associated with mininginputs and labour; the speculative nature of exploration anddevelopment; contests overtitle to properties, particularly title to undeveloped properties; andthe risks involved in the exploration, development and miningbusiness. Risks and unknowns inherent in all projects include theinaccuracy of estimated reserves and resources, metallurgicalrecoveries, capital and operating costs of such projects, and thefuture prices for the relevant minerals.
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