Vancouver, January 9, 2020– John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSX-V: SPX) (“Stellar” or the “Company”) reports:
Trading Halt
Trading in the shares of Stellar was halted at the opening of the market on January 9, 2019 at the request of the Company pending acceptance by the TSX Venture Exchange (“TSX-V”) of a Fundamental Acquisition.
On January 7, 2017 stellar announced that had optioned up to a 100% interest in Birimian Geology Exploration SARL (“BGE”), a Côte d’Ivoire company, which holds two d gold exploration permits (pending) in Côte d’Ivoire.
Because this acquisition will be the only asset in Stellar (Stellar sold its Balandougou Gold Project in October 2019) this Côte d’Ivoire acquisition, by definition, constitutes a Fundamental Acquisition as defined by Listings Policy 5.3 and a halt in trading is mandated under that Policy.
Stellar has made its initial filing as required by Listings Policy 5.3 and will proceed as quickly as possible to complete and file the documentation that will be required by the TSX-V pursuant to Listings Policy 5.3.
The stock will resume trading only after required documentation is filed and the TSX-V has approved the acquisition.
A copy of the January 9, 2019 News Release is available here.
ABOUT STELLAR AFRICAGOLD INC.
Stellar AfricaGold Inc. is a Canadian gold company with offices in Vancouver, BC and Montreal, QC. Stellar’s exploration activities are in North and West Africa.
Stellar has been active in West Africa since 2009. In October 2017 Stellar closed the all-cash sale of its Balandougou Gold Project in Guinea for $5.13M.
Stellar is focusing its future exploration activities in Morocco and Ivory Coast, jurisdictions that are politically stable, geologically desirable, mining friendly and relatively underexplored, a highly favourable investment combination.
The technical content of this press release has been reviewed and approved by Yassine Belkabir, MSc DIC, CEng, MIMMM, a director of the Company and a Qualified Person as defined in NI 43-101.
