Stellar AfricaGold Inc. announced a financing transaction
On the same day, the company issued 8,840,000 units for gross proceeds of CAD 530,400 in its first tranche closing. The company has paid finder's fees totaling CAD 32,260 and issued an aggregate 437,667 finder's warrants to arm's-length finders, with each finder's warrant entitling the holder to purchase one common share for a period of two years at a price of CAD 0.15. All securities to be issued will be subject to a hold period of four months and one day from the closing date.