Stellar AfricaGold Inc. Closes $4 Million Private Placement

Executive Summary

• Stellar AfricaGold Inc. closed a non‑brokered private placement, raising gross proceeds of $4 million.
• The offering consisted of 22,222,222 units at C$0.18 per unit, each unit containing one common share and half of a transferable warrant (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 Zuénoula Gold Project (Ivory Coast), and general corporate working capital.

Key Details

• Units Issued: 22,222,222 units @ C$0.18 per unit → C$4 million gross proceeds.
• Unit Composition: 1 common share + ½ transferable common share purchase warrant (2 half‑warrants = 1 full warrant).
• Warrant Terms: Right to acquire one additional share at $0.28, exercisable for 36 months from issuance.
• Use of Proceeds:
• Exploration financing for Tichka Est Gold Project (Morocco)
• Exploration financing for Zuénoula Gold Project (Ivory Coast)
• General corporate purposes and working capital.
• Statutory Hold Period: Securities subject to a hold period of four months and one day, expiring 1 March 2026.
• Finder’s Compensation:
• Cash: $111,938.40
• Finder’s Units: 557,725 units (each unit = 1 common share + ½ non‑transferable warrant)
• Non‑transferable Finder’s Warrants: 64,155 (issued on same terms as offering warrants).
• Related Party Participation: Two directors subscribed for 677,545 units, contributing $121,958.10 in gross proceeds; transaction qualifies for exemption under MI 61‑101 (≤25% of market cap).
• Regulatory Disclaimers: Securities not registered under the U.S. 1933 Act; offering limited to jurisdictions where exemptions apply.

Notable Quotes

(No direct quotes included in the release.)