Stellar AfricaGold arranges $4-million private placement

Executive Summary

• Stellar AfricaGold Inc. announced a non‑brokered private placement to raise up to $4 million by issuing up to 22,222,222 units at $0.18 per unit.
• Each unit consists of one common share and one‑half of a transferable warrant (each full warrant allows purchase of an additional share at $0.28 for 36 months).
• Proceeds will fund ongoing exploration at the Tichka Est gold project (Morocco), the Zuenoula gold property (Ivory Coast), and general corporate/working‑capital needs.

Key Details

• Units Offered: Up to 22,222,222 units (each = 1 common share + ½ warrant).
• Pricing: $0.18 per unit; warrants exercisable at $0.28 per share.
• Gross Proceeds Target: Up to $4 million.
• Closing Date: Expected on or about Oct. 30, 2025, subject to TSX‑V and other regulatory approvals.
• Statutory Hold Period: Securities subject to a four‑month‑plus‑one‑day hold period from closing per Canadian securities law.
• Finder’s Fees: Company may pay cash and/or warrants to eligible arm‑length parties, consistent with TSX‑V policies.
• Insider Participation: Insiders may subscribe; participation considered a related‑party transaction under MI 61‑101 but expected to be exempt from formal valuation/minority approval because the fair market value will not exceed 25 % of market cap.
• Use of Proceeds:
• Exploration financing for Tichka Est (Morocco) and Zuenoula (Ivory Coast) projects.
• General corporate purposes and working capital.

Notable Quotes

(No direct quotes were provided in the release.)