On December 12, 2019, TriStar Gold Inc. (“TriStar Gold”) announced that it had completed a brokered private placement (the “Private Placement”) of 11,200,000 units (each, a “Unit”) at a purchase price of $0.20 per Unit for gross proceeds of $2,240,000 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 $0.30 until December 12, 2021. The Private Placement was led by Canaccord Genuity Corp., acting as agent on a commercially reasonable efforts basis.
TriStar Gold is a 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 Private Placement 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.