Business
Tristar Gold Announces Upsize of Private Placement Offering to C$9 Million
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./SCOTTSDALE, Ariz., May 21, 2026 /CNW/ - Tristar Gold Inc.
About this update from Tristar Gold Inc.
[{"type":"text","content":"\n \n \n \n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./SCOTTSDALE, Ariz., May 21, 2026 /CNW/ - Tristar Gold Inc. (\"Tristar\" or the \"Company\") (TSXV: TSG) (OTCQB: TSGZF) is pleased to announce that it has amended its engagement with Stifel Canada, as lead agent and sole bookrunner in connection with a \"best-efforts\" private placement that has been increased to 39,140,000 units of the Company (the \"Units\") at a price of C$0.23 per Unit (the \"Offering Price\") for aggregate gross proceeds of C$9,002,200 (the \"Offering\"). \nEach 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.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.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.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 qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the \"Listed Issuer Financing Exemption\"). Because the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the Units issued pursuant to the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. There is an offering document related to the Offering that can be accessed under the Company's issuer profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.tristargold.com. Prospective investors sho...