- TriStar (TSG) has announced a C$5M non-brokered private placement with Auramet Capital
- The company intends to use the proceeds to advance its Castelo de Sonhos Gold Project, as well as for general working capital
- The offering is scheduled to close on or around April 14, 2022
- TriStar Gold is an exploration and development company focused on precious metals properties in the Americas
- TriStar (TSG) closed down by 7.89 per cent trading at $0.175 per share
TriStar (TSG) has announced a C$5M non-brokered private placement with Auramet Capital.
Auramet will purchase 25M TriStar units priced at C$0.20.
Each unit consists of one TriStar common share and one-half of one common share purchase warrant.
Each warrant entitles the holder to acquire an additional common share priced at C$0.30 for 24 months following the closing of the offering, subject to certain acceleration clauses.
The company intends to use the proceeds to advance its Castelo de Sonhos Gold Project, as well as for general working capital.
The offering is scheduled to close on or around April 14, 2022.
After closing, Auramet will hold approximately 9.8 per cent of the company.
“We are very pleased that Auramet has chosen to partner with TriStar to advance our Castelo de Sonhos Gold Project in Pará State, Brazil,” stated Nick Appleyard, President and CEO of TriStar. “We view Auramet as a sophisticated financial market participant and see its investment as further validation of the value we see at Castelo de Sonhos.”
Auramet Capital is the investment affiliate of Auramet International, one of the largest physical precious metals merchants in the world with over US$22B in annual revenue.
TriStar Gold is an exploration and development company focused on precious metals properties in the Americas.
TriStar (TSG) closed down by 7.89 per cent trading at $0.175 per share.
