On April 28, 2017, TriStar Gold announced the closing of an offering of 17,108,267 units at a purchase price of C$0.30 per unit for gross proceeds of approximately C$5.1 million to TriStar Gold. Each unit was comprised of one common share in the capital of TriStar Gold and one-half of one common share purchase warrant, with each full warrant being exercisable to purchase one additional common share at an exercise price of C$0.45 until April 28, 2019. The Offering was led by Echelon Wealth Partners Inc. and Paradigm Capital Inc. acting as co-lead agents on a best efforts basis.
TriStar Gold is mineral exploration company that is engaged in the identification, acquisition, exploration and development of gold and other precious metals deposits located in South America and elsewhere. TriStar Gold’s primary exploration property is its 100%-owned Castelo de Sonhos Property located in Para State in northern Brazil.
Further details regarding the financing and TriStar Gold can be found on TriStar Gold’s website. TriStar Gold trades under the symbol “TSG” on Tier 2 of the TSX Venture Exchange.