VANCOUVER, BC – TheNewswire – March 13, 2024 – STELLAR AFRICAGOLD INC. (TSXV:SPX) (the “Company” or “Stellar”) announces it has agreed to issue an aggregate 8,473,763 common shares in the capital of the Company at an agreed price of $0.025 per share to settle approximately $211,845 in debt (the “Shares for Debt Settlement”) with arms-length creditors.
The board of directors and management of the Company believe that the proposed Shares for Debt Settlement is in the best interests of the Company because it allows the Company to preserve its limited cash on hand for essential operations.
The Shares for Debt Settlement is subject to TSX Venture Exchange approval.
The settlement shares will be subject to a statutory four-month and one day hold period from the date of issuance.
ABOUT STELLAR AFRICAGOLD INC.
Stellar AfricaGold Inc. is a Canadian precious metal exploration company listed on the TSX Venture Exchange symbol…
