TriStar Implements Management Changes and Raises CDN$1,030,915.50 in First Tranche of Private Placement

About this update from Tristar Gold Inc.

[{"type":"text","content":"TriStar Implements Management Changes and Raises CDN$1,030,915.50 in First Tranche of Private Placement(via Thenewswire.ca)\n \n \nHouston, TX / TheNewswire / December 11 2015 - TriStar Gold Inc. (the \"Company\" or \"TriStar\") announces the following management changes of the Company: Nick Appleyard has been appointed a Director, President and CEO, Scott Brunsdon has been appointed CFO, and Mo Srivastava has been appointed Vice President. Mark Jones remains Executive Chairman. Messrs. Tony Brown and Mark Cannuli have also been appointed advisors to the Company.\n\n\n \nThe Company has raised CDN$1,030,915.50. under the first tranche of the private placement announced November 18, 2015 (the \"Private Placement\") by the issuance of 6,872,770 common shares of the company. The company has paid a finder's fee of 227,123 shares to Maxit Capital Ltd. of Toronto in connection with the private placement.\n\n\n \nThe proceeds of the Private Placement are to be used to advance the Company's Castelo de Sonhos project in Brazil and for working capital.\n\n\n \nAll of the shares issued pursuant to the Private Placement will be subject to a hold period that will expire April 11, 2016. \n\n\n \nThe Company has granted a total 8,650,000 options exercisable to purchase shares at a price of $0.18 per share to employees, advisors and directors of the Company, for a period of five years.\n\n\n \nMark Jones, Chairman, stated \"We are very pleased to welcome the new management team whose experience and expertise will greatly assist us in advancing our Castelo de Sonhos Project which bears similarities to Tarkwa and Jacobina.\"\n\n \n \nAbout TriStar:\n\n \n \nTriStar Gold is a gold exploration company focused on high-potential properties in Brazil. In addition to Castelo de Sonhos, TriStar holds another exploration project in the Tapajos district known as the Bom Jardim Property. The Company's shares are listed on the TSX Venture Exchange under the symbol TSG-V. Further information is available at www.Tristarau.com\n\n \n \nFor further information, please contact:\n\n \n \nTriStar Gold Inc.\n\n\n \nNick Appleyard\n\n\n \nPresident and CEO\n\n\n \n281-579-3400\n\n\n \[email protected]\n\n \n \nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibili...

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