John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces shares for debt settlement pursuant to which Stellar issue 140,000 common shares at a deemed price of $ 0.05 per share to debentureholders to settle $ 7,000 in interest due as of September 22, 2017 being interest owed on an outatnding balance of $140,000 of convertible debentures which closed on September 22, 2016. The debenture [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold, announces: Development continues at the B3 Zone of Stellar's 100% controlled Balandougou Gold Project in Guinea where the Company has installed a 150 tonnes per day gravity separation plant based on design parameters defined by SGS South Africa and manufactured by Henan Xingyang Mining Machinery, Zhengzhou, China. The mill will process a 15,000 [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold, announces: Stellar is developing the promising gold potential of the advanced exploration stage B3 Zone of its 100% controlled Balandougou Gold Project in Guinea, including the installation of a 150 tonnes per day gravity separation plant based on design parameters defined by SGS South Africa and manufactured by Henan Xingyang Mining Machinery [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold, announces: LOAN FACILITY The TSX Venture Exchange has approved and Stellar's Guinea subsidiary, MGWA Goldenfrank SARL, has closed the US$400,000 loan facility announced October 27, 2017. The loan proceeds will be used to complete the installation and assembly of the 150 tonne per day gravity separation mill at the Balandougou gold project, Guinea [...]
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 [...]
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