STELLAR AFRICAGOLD ANNOUNCES SECOND AND FINAL CLOSING OF OVERSUBSCRIBED PRIVATE PLACEMENT FOR A TOTAL OF $ 850,500

Montreal, June 9, 2017 – John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSX-V: SPX) (“Stellar” or the “Company”) announces the closing of the last tranche of a non-brokered private placement, for a total of 8,000,000 units, at a price of $ 0.05 per unit, for aggregate proceeds of $ 400,000 and the first one of a total of 9,010,000 unit for aggregate proceeds of $ 450,500. Total proceed raised in the financing is $ 850,500.

 

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