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President’s New Year’s Address
“Holding Stellar’s AGM at the end of the calendar year provides a natural opportunity to reflect on the recent year and to look forward to the exciting events planned for the months to come” commentedStellar’s President
“During 2021 Stellar initiated a new exploration program on its Moroccan Tichka Est gold project which led to an exciting gold discovery (see news release
Additionally Stellar is actively preparing for the first drill campaign at Tichka Est project which will begin as soon as the planned heavy equipment access road and drill pads are completed.
In
Similarly, in Côte d’Ivoire, early-stage exploration programs are planned for the Prikro permit, and three other permit applications which remain in the ‘pending’ category are being pursued with the relevant governmental permit granting authorities.
I am looking forward to 2022 with great excitement and expect that Stellar shareholders will share my enthusiasm as Stellar’s plans for 2022 unfold.”
Results of Annual and Special General Meeting
TheAnnual and Special General Meeting of Shareholders (the "Meeting") of the Company was held on
Total Voting Shares
A total of14,466,454shares representing 14.42% of the issued capital were voted at the annual meeting. No shares or proxies were disqualified.
Election of the Board of Directors
The following directors were re-elected with the vote totals noted.
Directors | Votes For | Votes Withheld |
13,020,687 (99.92%) | 10,210 (0.08%) | |
13,018,306 (99.90%) | 12,591 (0.10%) | |
13,018,266 (99.90%) | 12,631 (0.10%) | |
13,020,697 (99.92%) | 10,200 (0.08%) | |
Yassine Belkabir | 13,020,697 (99.92%) | 10,200 (0.08%) |
13,018,306 (99.90%) | 12,591 (0.10%) |
Appointment of Auditor andIncentive Stock Option Plan
The shareholders also approved the appointment of
ABOUT
The Company maintains offices in
Stellar’s President
Additional information is available on the Company’s website atwww.stellarafricagold.com.
On Behalf of the Board
President & CEO
This release contains certain "forward-looking information" under applicable Canadian securities laws. 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. Forward looking information contained in this news release includes, without limitation, statements relating to the completion of the Opawica Transaction and the exploration and development potential of the Balandougou II permit. Forward looking information are based on assumptions made by the Company. 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: the failure of Stellar to obtain TSX-V approval of the Opawica Transaction, the failure of Mosaic to complete the Mosaic Concurrent Financing, 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
Neither the
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