Business
Tristar Gold Announces Closing of Final Tranche of Private Placement
(via Thenewswire.ca) TheNewswire / July 18, 2016 - TriStar Gold Inc. (the "Company" or...
About this update from Tristar Gold Inc.
[{"type":"text","content":"Tristar Gold Announces Closing of Final Tranche of Private Placement(via Thenewswire.ca)\n\n \nTheNewswire / July 18, 2016 - TriStar Gold Inc. (the \"Company\" or \"TriStar\") is pleased to announce that it has closed the second and final tranche of the private placement financing (the \"Private Placement\") announced in the Company's news release dated June 13, 2016, in which 950,375 units (\"Units\") were issued at a price of $0.30 per Unit for gross proceeds of $285,113. Each Unit is composed of one common share and one-half of one transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.55 until July 18, 2018, subject to acceleration in certain circumstances. \n\n\n \nThe two tranches combined resulted in the issuance of a total of 14,188,214 Units with gross proceeds of $4,256,465. The first tranche of the Private Placement closed on July 7, 2016.\n\n\n \nThe Company intends to use the net proceeds of the Private Placement for advancing the Castelo de Sonhos project, working capital and general corporate purposes.\n\n\n \nThe securities issued pursuant to the second and final tranche of the Private Placement will be subject to a four month hold period under applicable Canadian securities laws, expiring on November 19, 2016. \n\n\n \nAbout TriStar:\n\n\n \nTriStar Gold is an exploration and development company focused on precious metals properties in the Americas that have potential to become significant producing mines. The Company's current flagship property is Castelo de Sonhos in Para State, Brazil. The Company's shares are listed on the TSX Venture Exchange under the symbol TSG. Further information is available at www.tristargold.com.\n\n\n \nFor further information, please contact:\n\n\n \nTriStar Gold Inc.\nNick Appleyard\nPresident and CEO\n480-794-1244\[email protected] \n\n\n \nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.\n\n\n \nForward-Looking Statements\n\n\n \nCertain statements contained in this press r...