SCOTTSDALE, AZ--(Marketwired - March 23, 2017) - TriStar Gold Inc. ("TriStar Gold" or the "Company") (TSX VENTURE: TSG) is pleased to announce that it has filed a preliminary short form prospectus in the provinces of British Columbia, Alberta and Ontario in connection with a proposed marketed offering of units (the "Units") of the Company for gross proceeds of a minimum of C$4,000,000 and a maximum of C$7,000,000 (the "Offering"), subject to an over-allotment option as discussed below. The Offering will be conducted on a best effort basis through Echelon Wealth Partners Inc. and Paradigm Capital Inc. acting as co-lead Agents (the "Agents").
The Offering will be priced in the context of the market with the specifics of the Offering to be determined at the time of pricing. Each Unit will consist of one common share in the capital of TriStar Gold and one-half of a of common share purchase warrant, with each whole common share purchase warrant entitling the holder thereof to purchase one common share of the Company at an exercise price to be determined in the context of the market, within 24-months from the closing date of the Offering, subject to acceleration in certain circumstances.
The Company has also agreed to grant the Agents an option to cover over-allotments and for market stabilization purposes (the "Over Allotment Option"), which will allow the Agents to arrange for purchasers to acquire up to an additional 15% of the number of Units initially sold under the Offering. The Over Allotment Option will be exercisable, in whole or in part, at any time up to 30 days after the closing of the Offering.
The Company intends to use the net proceeds of the Offering for drilling and studies to advance the Company's Castelo de Sonhos in Pará State, Brazil and for general working capital purposes.
The Offering is being made pursuant to a short form prospectus filed in each of the provinces of Alberta, British Columbia and Ontario. A copy of the preliminary short form prospectus, which contains important information relating to the Units, is available on SEDAR at www.sedar.com or from the Agents by contacting the Agents at This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.. There will not be any sale or any acceptance of an offer to buy the Units until a receipt for the final prospectus has been issued.
The Offering is expected to close on or about April 26, 2017, or on such later date as the Company and the Agents may agree upon, and is subject to certain customary conditions and regulatory approvals, including the approval of the TSX Venture Exchange and the entering into by the Company and the Agents of an agency agreement.
This press release does not constitute an offer of securities for sale in the United States or to "U.S. persons" ("U.S. persons"), as such term is defined in Regulation S promulgated under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). The securities being offered have not been, nor will be, registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from such registration requirements.
About TriStar:
TriStar Gold is an exploration and development company focused on precious metals properties in the Americas that have potential to become significant producing mines. The Company's current flagship property is Castelo de Sonhos in Pará State, Brazil. The Company's shares are listed on the TSX Venture Exchange under the symbol TSG. Further information is available at www.tristargold.com.
