Business
TriStar Gold Inc. Closes Early Warrant Exercise Incentive Program and Proposes to Issue Shares
(via Thenewswire.ca) TheNewswire / January 19, 2016 - TriStar Gold Inc. (the "Company" o...
About this update from Tristar Gold Inc.
[{"type":"text","content":"TriStar Gold Inc. Closes Early Warrant Exercise Incentive Program and Proposes to Issue Shares(via Thenewswire.ca)\n\n \nTheNewswire / January 19, 2016 - TriStar Gold Inc. (the \"Company\" or \"TriStar\") is pleased to announce that its early warrant exercise incentive program (the \"Warrant Incentive Program\") as described in its press release dated November 16, 2015, was successfully completed on January 15, 2016. In connection with the Warrant Incentive Program, 6,170,076 Eligible Warrants were exercised, providing gross proceeds of Cad$802,110 to the Company and resulting in TriStar issuing 6,170,076 common shares and 3,085,038 whole incentive warrants (\"Incentive Warrants\"). Each whole Incentive Warrant will allow the holder to acquire an additional common share of the Company at a price of Cad$0.20 per share until December 21, 2016.\n\n\n \nThe Company intends to use the net proceeds of the Warrant Incentive Program to support its planned growth initiatives and general working capital purposes. The Incentive Warrants, and any shares issued upon exercise thereof, are subject to a four-month hold period that commenced on the date of issuance of the Incentive Warrants. \n\n\n \nAll Eligible Warrants that were not exercised under the Warrant Incentive Program will continue, as originally issued, to be exercisable into one common share of the Company at Cad$0.13 per share until December 21, 2016.\n\n \n \nIssue of Shares:\n\n\n \nTriStar proposes to issue 161,909 of its shares (the \"Shares\") to settle an amount owing (including GST) of Cad$30,975 for services provided in 2015. The service provider has agreed to accept shares in lieu of cash and, subject to acceptance for filing by the TSX Venture Exchange, Tristar will issue the Shares.\n\n\n \nThe Shares will be subject to a four-month hold period from the date of issuance.\n\n \n \nAbout TriStar:\n\n\n \nTriStar Gold is an exploration and development company focused on previous metal 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-V. Further information is available at www.TriStarGold.com.\n\n \n \nFor further information, please contact:\n\n \n \nTriStar Gold Inc.\n\n\n \...