Stellar AfricaGold Inc. Closes $4 Million Private Placement

Core Points - Stellar AfricaGold Inc. has successfully closed a non-brokered private placement, raising a total of $4 million through the issuance of 22,222,222 units at a price of C$0.18 per unit [1][2] - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with warrants allowing the purchase of additional shares at $0.28 for 36 months [2] - Proceeds from the offering will be used for exploration efforts at the Tichka Est Gold Project in Morocco and the Zuénoula gold property in Ivory Coast, as well as for general corporate purposes [3] Financial Details - The total gross proceeds from the offering amount to $4 million [2] - Finder's fees for the offering included $111,938.40 in cash, 557,725 units, and 64,155 non-transferable Finder's Warrants [5] - Two directors subscribed for a total of 677,545 units, generating gross proceeds of $121,958.10, classified as a related party transaction [6] Regulatory Information - All securities issued are subject to a statutory hold period of four months and one day, expiring on March 1, 2026 [4] - The securities have not been registered under the United States Securities Act of 1933 and cannot be offered or sold in the U.S. without compliance with registration requirements [7] Company Overview - Stellar AfricaGold Inc. is focused on precious metals exploration in North and West Africa, with key projects in Morocco and Côte d'Ivoire [8] - The company is listed on the TSX Venture Exchange, Tradegate Exchange, and Frankfurt Stock Exchange [9] - The head office is located in Vancouver, BC, with a representative office in Casablanca, Morocco [10]