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TriStar Gold Announces $6 Million Brokered Private Placement Financing
TriStar Gold Announces $6 Million Brokered Private Placement Financing TriStar Gol...
About this update from Tristar Gold Inc.
[{"type":"text","content":"\n\n\n\nTriStar Gold Announces $6 Million Brokered Private Placement Financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nTriStar Gold Announces $6 Million Brokered Private Placement Financing\nCanada NewsWire\nSCOTTSDALE, AZ, June 13, 2016\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\n\nTrading Symbol: TSG-TSX.V \n\n\n\nSCOTTSDALE, AZ, June 13, 2016 /CNW/ - TriStar Gold Inc. (the \"Company\" or \"TriStar\") is pleased to announce that it has entered into an agreement regarding a brokered private placement offering (the \"Offering\") of units (the \"Units\") of the Company. TriStar and Beacon Securities Limited (\"Beacon\"), as lead agent and bookrunner, and Paradigm Capital Inc. (collectively with Beacon, the \"Agents\"), have agreed that up to 20,000,000 Units will be offered on a commercially-reasonable efforts agency basis pursuant to private placement exemptions from prospectus requirements of applicable securities laws at a price of $0.30 per Unit, for aggregate gross proceeds to the Company of up to $6,000,000, subject to the Agents' option to increase the size of the Offering as set out below.\n\nEach Unit comprises one common share (a \"Common Share\") of the Company and one-half of a common share purchase warrant (each full common share purchase warrant being a \"Warrant\"). Each Warrant shall entitle the holder thereof to acquire one additional Common Share at a price per Common Share of $0.55 for a period of 24 months following the closing date of the Offering (the \"Closing Date\"). The Warrants may be accelerated by the Company, at its sole option, at any time in the event that the closing volume-weighted average price of the Common Shares on the TSX Venture Exchange (the \"TSXV\"), or such other exchange on which the Common Shares may primarily trade from time to time, is greater than or equal to $1.00 for a period of 20 consecutive trading days occurring no earlier than 4 months and one day from the Closing Date by giving notice to the holders thereof.\n\...