Stellar Africagold Announces First Closing of Private Placement
STELLAR AFRICAGOLD ANNOUNCES FIRST CLOSING OF PRIVATE PLACEMENT
Vancouver, British Columbia – March 17, 2025 – Stellar AfricaGold Inc. (TSX -V: SPX) ("Stellar" or
the "Company") announce s the first closing of the non-brokered private placement offering (the
"Offering") announced on February 18, 2025. The Company issued 10,300,000 common shares
("Share") at a price of $0.1 0 per Share, for aggregate gross proceeds of $1,030,000. The proceeds
from the Offering will be allocated towards financing exploration efforts at the Company’s advancing
gold discovery at the Tichka Est Gold Project in Morocco, the early-stage exploration at the Zuénoula
Gold Project in Côte d’Ivoire, and for general corporate purposes and working capital.
In accordance with applicable securities laws all Shares are subject to a statutory hold period of four
months plus one day from the date of issuance.
ABOUT STELLAR AFRICAGOLD INC.
Stellar AfricaGold Inc. is a Canadian precious metal exploration company listed on the TSX Venture
Exchange symbol TSX.V: SPX, the Tradegate Exchange TGAT: 6YP and the Frankfurt Stock Exchange
FSX: 6YP.
The Company maintains its head office in Vancouver, BC and has a representative office in Casablanca,
Morocco.
Stellar’s principal exploration projects are its advancing gold discovery at the Tichka Est Gold Project in
Morocco, and its early-stage exploration Zuenoula Gold Project in Côte d’Ivoire.
The technical content of this press release has been reviewed and approved by M. Yassine Belkabir,
MScDIC, CEng, MIMMM, a Stellar director and a Qualified Person as defined in NI 43-101.
Stellar’s President and CEO J. François Lalonde can be contacted at +1 514-9940654 or by email at
Additional information is available on the Company’s website at www.stellarafricagold.com.
On Behalf of the Board
J. François Lalonde
J. François Lalonde
President & CEO
Forward-looking statements, by their nature, are based on assumptions and are subject to known and unknown risks
and uncertainties, both general and specific, that contribute to the possibility that the forward-looking statement will
not occur. The forward-looking statements in this press release speak only as of the date hereof and reflect several
material factors, expectations, and assumptions. Undue reliance should not be placed on any predictions or forward-
looking statements as these may be affected by , among other things, changing external events and general
uncertainties of the business. A discussion of the material risks applicable to us can be found in our current
Management Discussion and Analysis and Annual Information Form, each of which have bee n or will be filed on
SEDAR+ and can be accessed at www.sedarplus.ca. Except as required by applicable securities laws, forward-looking
statements speak only as of the date on which they are made and we disclaim any intention and assume no obligation
to publicly update or revise any forward -looking statement, whether as a result of new information, future events or
otherwise. Although the Company believes that any beliefs, plans, expectations and intentions contained in this news
release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove
to be accurate. The Company does not assume any liability for disclosure relating to any other company mentioned
herein.
Risks and uncertainties about the Company’s business are more fully discussed in the Company’s disclosure
materials, including its reports filed with the Canadian securities regulators and which can be obtained from
www.sedarplus.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.