Business
TriStar Gold Announces C$7 Million "Best Efforts" LIFE Offering of Units
Tristar Gold Inc. (TSXV: TSG) (OTCQB: TSGZF) ("TriStar" or the "Company") is pleased to announce that it has entered into an agreement with Stifel Nicolaus Canada Inc. (the "Agent") to act as lead agent and bookrunner, in connection with a "best-efforts" private placement of 30,435,000 units of the Company (the "Units") at a price of C$0.23 per Unit (the "Offering Price") for aggregate gross proceeds of approximately C$7 million (the "Offering"), with the Units to be issued pursuant to the Liste
About this update from Tristar Gold Inc.
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./","length":183,"tagName":"p","attribs":{}},{"type":"text","content":"SCOTTSDALE, Ariz., May 20, 2026 /CNW/ - Tristar Gold Inc. (TSXV: TSG) (OTCQB: TSGZF) ("TriStar" or the "Company") is pleased to announce that it has entered into an agreement with Stifel Nicolaus Canada Inc. (the "Agent") to act as lead agent and bookrunner, in connection with a "best-efforts" private placement of 30,435,000 units of the Company (the "Units") at a price of C$0.23 per Unit (the "Offering Price") for aggregate gross proceeds of approximately C$7 million (the "Offering"), with the Units to be issued pursuant to the Listed Issuer Financing Exemption (as defined below).","length":658,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share (a "Common Share") and one-half (½) of one Common Share purchase warrant (each whole warrant, a "Warrant") of the Company. Each Warrant will be exercisable to acquire one additional Common Share (a "Warrant Share") for a period of 24 months following the closing date of the Offering (the "Closing Date") at an exercise price of C$0.30 per Warrant Share.","length":437,"tagName":"p"},{"type":"text","content":"The Company will grant to the Agents an option to sell up to such number of additional Units which is equal to 15% of the Units sold under the Offering at the Offering Price (the "Agents' Option"). The Agents' Option will be exercisable in whole or in part, at the sole discretion of the Agents, up to 48 hours prior to the Closing Date.","length":355,"tagName":"p"},{"type":"text","content":"The net proceeds from the Offering are expected to be used for exploration and development of the Company's mineral properties, as well as for general working capital.","length":171,"tagName":"p"},{"type":"text","content":"Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units will be offered for sale to purchasers resident in Canada other than Quebec and/or other qua...