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Stellar AfricaGold Inc STLXF


Primary Symbol: V.SPX

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.


TSXV:SPX - Post by User

Post by jeep91on Nov 08, 2024 8:50am
38 Views
Post# 36302795

Shares for debt again

Shares for debt againI would assume that this process allows them to hold onto actual cash to be used hopefully wisely. It does start the creep back to the original amount of shares before the rollback. As I stated on anoth board...in my view shares for debt can be viewed as confidence in the company by the debtors who possibly see a rpositive return on that debt.  Of course it can have the effect of holding down the stock if a rise in stock price should occur. People want their money back...one way or another. WE shall see. POG is at an all time high and Stellar needs to start finding some yellow shiny stuff in the near future.
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