Montreal, August 16, 2016 – Maurice Giroux, President and Chief Executive Officer of Stellar AfricaGold Inc. (TSX-V: SPX) (“Stellar” or the “Company) announces the closing of a non-brokered private placement of a total amount of $395 000 through the sale 395 units. Each unit is composed of 17,000 flow through shares and 3,000 non-flow through common shares at the price of $0.05 and 20,000 share purchase warrants. Each common share purchase warrant can be exercised at a price of 10 cents for a period of 2 years.
