Business
TriStar Gold Announces $6.0 Million Non-Brokered Private Placement Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. SCOTTSDALE, Ariz., May 25, 2018 (GLOBE NEWSWIRE) -- TriStar
About this update from Tristar Gold Inc.
[{"type":"text","content":" NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. SCOTTSDALE, Ariz., May 25, 2018 (GLOBE NEWSWIRE) -- TriStar Gold Inc. (the “Company” or “TriStar”) is pleased to announce that it will undertake a non-brokered private placement offering (the “Offering”) of units (the “Units”) of the Company. TriStar will offer for sale up to 30 million Units pursuant to the Offering, priced at $0.20 per Unit, for aggregate gross proceeds to the Company of up to $6.0 million. Each Unit will be comprised of 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 will entitle the holder thereof to acquire one additional Common Share at an exercise price of $0.35 for a period of 30 months following the closing date of the Offering (the “Closing Date”). The net proceeds from the Offering are intended to be used for advancing the Castelo de Sonhos project, working capital and general corporate purposes. Closing of the Offering is expected to occur on or about the week of June 11, 2018 and is subject to receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange (the “TSX‑V”). The Offering will be completed pursuant to exemptions from prospectus requirements of applicable securities laws, and all securities issued in connection with the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws, commencing on the Closing Date. This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements. The Company may pay finders’ fees in connection with the Offering in accordance with the rules and policies of the TSX-V. About TriStar: TriStar 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 Pará State, Brazil. T...