Stellar Africagold – Shares FOR Debt Settlement
STELLAR AFRICAGOLD – SHARES FOR DEBT SETTLEMENT
Vancouver, November 5, 2019 – John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc.,
(TSX-V: SPX) ("Stellar" or the "Company") announces:
Shares for Debt Settlement
The Company will issue 3,060,000 shares at an agreed price of $ 0.05 per share to four arm’s length parties to
settle debt totalling $153,000. The shares for debt settlements are subject to the approval of the TSX Venture
Exchange.
ABOUT STELLAR AFRICAGOLD INC.
Stellar AfricaGold Inc. is a Canadian gold exploration Company with offices in Vancouver, BC and Montreal, QC
For further information please contact:
John Cumming, President & CEO, Stellar AfricaGold Inc.,
4908 Pine Crescent, Vancouver, BC, V6M 3P6, or
Maurice Giroux, VP Exploration, Stellar AfricaGold Inc.,
1035 West Laurier Street, Suite 201, Montréal (Québec) H2V 2L1.
Tel.: 514-866-6299 Email: [email protected]
Additional information is available on the Company’s website at www.stellarafricagold.com.
On Behalf of the Board
John Cumming, LLM,
President & CEO
This release contains certain "forward-looking information" under applicable Canadian securities laws concerning the Arrangement. Forward -looking
information reflects the Company’s current internal expectations or beliefs and is based on information curren tly available to the Company. In some
cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe",
"estimate", "projects", "potential", "scheduled", "forecast", "bu dget" or the negative of those terms or other comparable terminology. Assumptions
upon which such forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and
that the Arrangement will be completed on the terms set out in the definitive agreement. Many of these assumptions are based on factors and events
that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual
results to differ materially from those predicted herein include, without limitation: that the remaining conditions to the Ar rangement will not be
satisfied; that the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain
other commodities (such as diesel, aluminum and electricity); changes in U.S. dollar and other currency exchange rates, inter est rates or gold lease
rates; risks arising from holding derivati ve instruments; the level of liquidity and capital resources; access to capital markets, financing and interest
rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which
the Company carries on business; operating or technical difficulties in connection with mining or development activities; laws and regulations governing
the protection of the environment; employee relations; availability and increasing costs associated with mining inputs and labour; the speculative nature
of exploration and development; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration,
development and mining business. Risks and unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical
recoveries, capital and operating costs of such projects, and the future prices for the relevant minerals.
Neither the TSX Venture Exchange n or 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.