John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces: PRIVATE PLACEMENT CLOSED Further to the Company's news release of April 25, 2018 the Company has closed a fully subscribed non-brokered private placement offering and issued 6,200,000 units at a price of $0.05 per unit for gross proceeds of C$310,000. Each [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces: PRIVATE PLACEMENT The Company is proceeding with a non-brokered private placement offering of 6,210,000 units at a price of $0.05 per unit for gross proceeds of C$310,000. Each unit will be comprised of one common share and one-half share purchase warrant [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces: Construction of the 150 tonnes per day gravity separation plant at the B3 Zone of Stellar's 100% controlled Balandougou Gold Project in Guinea is complete and commissioning of mill equipment is proceeding well. All mill components have been tested [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces: 10, 2018 Construction of the 150 tonnes per day gravity separation plant at the B3 Zone of Stellar's 100% controlled Balandougou Gold Project in Guinea is mostly complete and final equipment checks are underway. The commissioning of mill equipment and the [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]