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The latest update is out from Stellar AfricaGold ( (TSE:SPX) ).
Stellar AfricaGold Inc. has announced the first closing of its non-brokered private placement, raising $1,030,000 through the issuance of 10,300,000 common shares at $0.10 per share. The funds will be used to advance exploration at the Tichka Est Gold Project in Morocco, early-stage exploration at the Zuénoula Gold Project in Côte d’Ivoire, and for general corporate purposes. This financial move is expected to bolster the company’s exploration activities and strengthen its position in the precious metal exploration industry.
More about Stellar AfricaGold
Stellar AfricaGold Inc. is a Canadian precious metal exploration company listed on the TSX Venture Exchange, Tradegate Exchange, and Frankfurt Stock Exchange. The company is headquartered in Vancouver, BC, with a representative office in Casablanca, Morocco. Its main exploration projects include the Tichka Est Gold Project in Morocco and the Zuénoula Gold Project in Côte d’Ivoire.
YTD Price Performance: 84.62%
Average Trading Volume: 105,382
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$3.37M
For an in-depth examination of SPX stock, go to TipRanks’ Stock Analysis page.