Stellar AfricaGold Inc V.SPX

Alternate Symbol(s): STLXF

Metals & Mining Gold

Stellar AfricaGold Inc. is a Canadian precious metal exploration company. The Company is focused on exploring for gold in the Kingdom of Morocco, and Cote d’Ivoire. The Company's projects include the Tichka Est Project and the Zuenoula Gold permit. The Tichka Est gold project, comprising seven permits aggregating 82 square kilometers, is accessible year-round by road via a national and regional road to the village of Analghi located near the mineralized gold zone. Its Zuenoula project is a 396 square kilometers (km2) license in the Marahoue Department in central Cote d’Ivoire, approximately 300 kilometers (km) north of Abidjan. The Zuenoula Exploration license application straddles the same NE/SW major structure that hosts the Abujar and Tietto mineral deposits. The project is located 100km north-west of the city of Yamoussoukro, the capital of Cote d’Ivoire.

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Stellar AfricaGold Inc

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Comment by INVESTING2000on Oct 03, 2007 3:37pm

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Post# 13515529

RE: NEWS - Dividend almost 50%

I stand corrected: OK, not quite 50% Unit As - 2000 flow thru @ .40 and 975 non-flow @ 0.20 + warrants at .25/.30 ($895,500) Unit Bs - 5250 @ .20 + warrants .25/.35 ($315,000) Still, a far cry from a stated $0.40 financing at 5.5:1 dividend, especially when you work in all the warrants that would have / should have been in the $ 0.50+ range.

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