John Cumming, President and Chief Executive Officer of Stellar AfricaGold announces: LOAN FACILITY Stellar's Guinea subsidiary, MGWA Goldenfrank SARL, has reached an agreement on the commercial terms for a US$400,000 loan facility. The loan proceeds will be used to finance completion of installation and assembly of the gravity separation mill at its Balandougou gold project, Guinea, and for start-up working capital for a [...]
John Cumming, President and Chief Executive Officer of tellar AfricaGold is pleased to announce new trench assay results including 10 meters of 10 g/t and 22 meters of 4.47 g/t gold: New Trenches - Assay Results During late summer 2017 four infill trenches were excavated to a depth of 3 meters over a total length of approximately 350 meters within the B3 gold-mineralized shear zone at the Balandougou gold project [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold announces: ANNUAL GENERAL MEETING The Annual General Meeting of the shareholders of the Company was held on July 27, 2017 in Montreal. A total of 10,544,280 shares representing 18.38% of the issued capital were voted at the annual meeting. At the Meeting, shareholders approved all resolutions put before them by management including the election of [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold announces: BALANDOUGOU GOLD PROJECT BULK SAMPLE UPDATE The Company is pleased to report that the 150 tonnes per day gravity pilot plant has arrived in Guinea. The three 40 foot containers were cleared by Customs and a convoy of trucks is now en route to the B3 site of the Balandougou gold project. The Company further announces that the site [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold is pleased to announce that the advance work for Stellar's bulk sample program remain on schedule and within the planned budgets. UPDATE The Company completed digging five new intermediate trenches across the sheared mineralized B3 structure and cleaned up all old trenches across the bulk sample area to clearly outline the high-grade structure to be [...]
MONTREAL, QUEBEC--(Marketwired - Jun 21, 2017) - John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSX VENTURE:SPX) ("Stellar" or the "Company") announces the closing of a share for debt pursuant to which Stellar issue 150,000 common shares at a deemed price of $ 0.05 per share to debenture holders, representing the $ 7,500 in interest due as of March 22, 2017, pursuant to the private [...]
MONTREAL, QUEBEC--(Marketwired - Jun 9, 2017) - John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSX VENTURE:SPX) ("Stellar" or the "Company") announces the closing of the last tranche of a non-brokered private placement, for a total of 8,000,000 units, at a price of $ 0.05 per unit, for aggregate proceeds of $ 400,000 and the first one of a total of 9,010,000 unit for aggregate proceeds of [...]
MONTREAL, QUEBEC--(Marketwired - May 16, 2017) - John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSX VENTURE:SPX) ("Stellar" or the "Company") announces: CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT Further to Stellar's news release of April 25, 2017 The Company has received Conditional Approval for its non-brokered private placement offering (the "Offering") of 15,210,000 units at a [...]
MONTREAL, QUEBEC--(Marketwired - Apr 25, 2017) - John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSX VENTURE:SPX) ("Stellar" or the "Company") announces: PRIVATE PLACEMENT The Company is proceeding with a non-brokered private placement offering (the "Offering") of 15,210,000 units at a price of $0.05 per unit for gross proceeds of C$760,500. Each unit will be comprised of one common share [...]
MONTREAL, QUEBEC--(Marketwired - Apr 5, 2017) - John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSX VENTURE:SPX) ("Stellar" or the "Company") announces: BALANDOUGOU SITE CONSTRUCTION UPDATE The Company is pleased to report that site preparation at the Balanadougou Gold Project is on schedule. This news releases references an important image of the Balandougou B3 sheared zone. If you cannot [...]
MONTREAL, QUEBEC--(Marketwired - Mar 29, 2017) - John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSX VENTURE:SPX) ("Stellar" or the "Company") announces: NEW QUARTZ VEINS EXPOSED AT BALANDOUGOU The Company is pleased to report that field crews at the Balandougou Gold Project in Guinea have reported that while cutting an access road to the future bulk sample gravity plant site a new quartz [...]
MONTREAL, QUEBEC--(Marketwired - Mar 14, 2017) - John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSX VENTURE:SPX) ("Stellar" or the "Company") is pleased to announce: SALE OF EASTMAIN RIVER CLAIMS Stellar has agreed to sell its Eastmain River claims, Québec, to Amex Exploration Inc. for 350,000 shares and a 1.5% Net Smelter Return royalty of which 50% (0.75%) may be bought back for [...]