- TriStar Gold Inc. (TSG) has closed its previously announced non-brokered private placement for gross proceeds of $5 million
- Auramet Capital Partners LP purchased 25,000,000 units of TriStar Gold Inc. at a price of $0.20 per unit
- Each unit consists of one common share in the capital of TriStar and one-half of one common share purchase warrant
- Auramet Capital Partners LP is the investment affiliate of Auramet International LLC
- Shares of TriStar Gold Inc. (TSG) opened trading at $0.185
TriStar Gold Inc. (TSG) has closed a non-brokered private placement for gross proceeds of $5 million.
Auramet Capital Partners LP purchased 25,000,000 units of TriStar Gold Inc. at a price of $0.20 per unit.
Each unit consists of one common share in the capital of TriStar and one-half of one common share purchase warrant.
Each warrant entitles the holder to acquire an additional common share at an exercise price of $0.30 for a period of 24 months.
Warrants are subject to an acceleration clause.
As a result of the offering, Auramet holds approximately 9.8 per cent of the issued and outstanding shares of TriStar Gold.
TriStar intends to use the net proceeds of the offering to further advance its Castelo de Sonhos Gold Project in Pará State, Brazil and for general working capital purposes.
All securities issued in relation to the offering will have a hold period expiring on August 15, 2022.
Auramet Capital Partners LP is the investment affiliate of Auramet International LLC, one of the largest physical precious metals merchants in the world.
Shares of TriStar Gold Inc. (TSG) opened trading at $0.185.