Donald has played for a number of senior clubs during his career
Stranraer manager Keith Knox has signed five more players as he builds for the Division Three season.
Ray Montgomerie, the son of the former Kilmarnock defender of the same name, arrives from Queen's Park Under-19s.
Midfielder Barry Donald, who played for Albion Rovers, Dumbarton and Forfar, was last with Linlithgow Rose.
Defender Kyle Wright, who began his career with Kilmarnock, was released by Montrose, while Richard Jones and Glen Mitchell step up from youth football.
Montgomerie was released by Queen's Park at the end of the season despite scoring for the Spiders as they won the Scottish Amateur Cup by beating Hurlford Thistle 3-1.
The 20-year-old midfielder had been on trial with Albion Rovers before joining their Division Three rivals.
Stranraer had earlier this week signed goalkeeper David Mitchell on loan from Ayr and former Stenhousemuir striker Martin Jack.
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