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TriStar Gold Completes $9.2 Million Bought Deal Offering

Maxis Law represented TriStar Gold with a team that included Morgan Hay and Sean Hawkins.

On July 14, 2020, TriStar Gold Inc. (“TriStar Gold”) announced the closing of a bought-deal prospectus offering (the “Offering”) of 30,705,000 units at a purchase price of $0.30 per unit for gross proceeds of $9,211,500, which includes units issued pursuant to the over-allotment option that was exercised by the underwriters in full. 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 $0.40 until July 14, 2022. The Offering was led by Cormark Securities Inc. on behalf of a syndicate of underwriters including Red Cloud Securities Inc. and Canaccord Genuity Corp.

TriStar Gold is a mineral exploration and development 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 Offering 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.