(via TheNewswire)
The board of directors and management of the Company believe that the proposed Shares for Debt Settlement is in the best interests of the Company because it allows the Company to preserve its limited cash on hand for essential operations.
The Shares for Debt Settlement is subject to
The settlement shares will be subject to a statutory four-month and one day hold period from the date of issuance.
ABOUT
The Company has its head officed in
Stellar’s principal exploration project is its advancing gold discovery at the
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 Personas defined in NI 43-101.
Stellar’s President and CEO
Additional information is available on the Company’s website atwww.stellarafricagold.com.
On Behalf of the Board
President & Director
Neither the
Disclaimer & Forward-Looking Statements:
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 currently 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", "budget" or the negative of those terms or other comparable terminology. 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 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
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Copyright (c) 2024 TheNewswire - All rights reserved., source