TriStar Gold Announces an up to $10 Million Best Efforts Private Placement Financing
TriStar Gold (TSXV: TSG) has announced a best efforts private placement financing to raise up to $10 million through the issuance of up to 62.5 million units at $0.16 per unit. Each unit consists of one common share and half a warrant, with each whole warrant exercisable at $0.25 for 24 months. The Agents, led by Paradigm Capital, will receive a 6% cash commission and compensation options to acquire 6% of issued units at $0.16 per share.
The Agents have been granted an option to sell an additional 9.375 million units for up to $1.5 million. The offering is expected to close around May 29th, 2025, subject to regulatory approvals. Proceeds will be used for exploration, development, and working capital purposes.
TriStar Gold (TSXV: TSG) ha annunciato un finanziamento tramite collocamento privato a migliori condizioni per raccogliere fino a 10 milioni di dollari attraverso l'emissione di un massimo di 62,5 milioni di unità al prezzo di 0,16 dollari per unità. Ogni unità è composta da una azione ordinaria e da mezza warrant, con ogni warrant intera esercitabile a 0,25 dollari per 24 mesi. Gli Agenti, guidati da Paradigm Capital, riceveranno una commissione in contanti del 6% e opzioni di compensazione per acquisire il 6% delle unità emesse a 0,16 dollari per azione.
Agli Agenti è stata concessa un’opzione per vendere ulteriori 9,375 milioni di unità per un massimo di 1,5 milioni di dollari. L’offerta dovrebbe chiudersi intorno al 29 maggio 2025, soggetta alle approvazioni regolamentari. I proventi saranno utilizzati per esplorazione, sviluppo e capitale circolante.
TriStar Gold (TSXV: TSG) ha anunciado una financiación mediante colocación privada a mejores esfuerzos para recaudar hasta 10 millones de dólares mediante la emisión de hasta 62,5 millones de unidades a 0,16 dólares por unidad. Cada unidad consiste en una acción común y media warrant, con cada warrant completa ejercitable a 0,25 dólares durante 24 meses. Los agentes, liderados por Paradigm Capital, recibirán una comisión en efectivo del 6% y opciones de compensación para adquirir el 6% de las unidades emitidas a 0,16 dólares por acción.
Se ha concedido a los agentes una opción para vender 9,375 millones de unidades adicionales por hasta 1,5 millones de dólares. Se espera que la oferta cierre alrededor del 29 de mayo de 2025, sujeta a aprobaciones regulatorias. Los ingresos se destinarán a exploración, desarrollo y capital de trabajo.
TriStar Gold (TSXV: TSG)는 최대 1,000만 달러를 조달하기 위한 최선의 노력 사모 배정을 발표했으며, 단위당 0.16달러에 최대 6,250만 단위를 발행할 예정입니다. 각 단위는 보통주 1주와 워런트 0.5개로 구성되며, 워런트 1개는 0.25달러에 24개월 동안 행사할 수 있습니다. Paradigm Capital이 주도하는 대리인은 6% 현금 수수료와 발행 단위의 6%를 단위당 0.16달러에 취득할 수 있는 보상 옵션을 받습니다.
대리인에게는 추가로 937만 5천 단위를 최대 150만 달러까지 판매할 수 있는 옵션이 부여되었습니다. 이 제안은 규제 승인에 따라 2025년 5월 29일경 종료될 예정입니다. 수익금은 탐사, 개발 및 운전자본 용도로 사용됩니다.
TriStar Gold (TSXV : TSG) a annoncé un placement privé à meilleurs efforts visant à lever jusqu'à 10 millions de dollars par l'émission de jusqu'à 62,5 millions d'unités à 0,16 dollar par unité. Chaque unité comprend une action ordinaire et une demi-warrant, chaque warrant complet étant exerçable à 0,25 dollar pendant 24 mois. Les agents, dirigés par Paradigm Capital, recevront une commission en espèces de 6 % ainsi que des options de compensation pour acquérir 6 % des unités émises au prix de 0,16 dollar par action.
Les agents ont reçu une option de vente supplémentaire de 9,375 millions d'unités pour un montant pouvant atteindre 1,5 million de dollars. L'offre devrait se clôturer aux alentours du 29 mai 2025, sous réserve des approbations réglementaires. Les fonds seront utilisés pour l'exploration, le développement et le fonds de roulement.
TriStar Gold (TSXV: TSG) hat eine Privatplatzierung mit besten Bemühungen angekündigt, um bis zu 10 Millionen US-Dollar durch die Ausgabe von bis zu 62,5 Millionen Einheiten zu je 0,16 US-Dollar pro Einheit zu beschaffen. Jede Einheit besteht aus einer Stammaktie und einer halben Warrant, wobei jede ganze Warrant für 24 Monate zu 0,25 US-Dollar ausgeübt werden kann. Die Agenten, unter der Leitung von Paradigm Capital, erhalten eine Barprovision von 6 % sowie Optionsrechte zum Erwerb von 6 % der ausgegebenen Einheiten zu 0,16 US-Dollar pro Aktie.
Den Agenten wurde eine Option eingeräumt, zusätzliche 9,375 Millionen Einheiten für bis zu 1,5 Millionen US-Dollar zu verkaufen. Das Angebot soll voraussichtlich um den 29. Mai 2025 abgeschlossen werden, vorbehaltlich behördlicher Genehmigungen. Die Erlöse werden für Exploration, Entwicklung und Betriebskapital verwendet.
- None.
- Significant dilution for existing shareholders with up to 62.5 million new units being issued
- 6% cash commission and compensation options will reduce net proceeds
- Four-month hold period may limit short-term trading liquidity
Toronto, Ontario--(Newsfile Corp. - May 8, 2025) - TriStar Gold Inc. (TSXV: TSG) ("TriStar" or the "Company") is pleased to announce that it has entered into a letter agreement with Paradigm Capital Inc. ("Paradigm") as lead agent and sole bookrunner, for and on behalf of a syndicate of agents (collectively, the "Agents"), in connection with a proposed best efforts private placement financing (the "Offering") for total proceeds of up to
The Company will also grant the Agents an option (the "Agents' Option") to sell up to that number of additional Units equal to
The Agents will be paid by the Company on closing of the Offering a cash commission equal to
The Agents will also receive on the Closing Date compensation options (the "Compensation Options") entitling the Agents to acquire that number of common shares equal to
The net proceeds from the Offering will be used for exploration and development, and general working capital purposes.
The Offering will be conducted in all provinces and territories of Canada pursuant to private placement exemptions, in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and in such other jurisdictions as are agreed to by the Company and the Agents. The Offering is expected to close on or about May 29th, 2025 (the "Closing Date") and will be subject to regulatory approvals and customary closing conditions, including the listing of the Unit Shares and Warrant Shares on the TSX Venture Exchange ("TSXV"). All securities issued pursuant to the Offering will have a hold period of four months and one day.
The securities have not been, and will not be, registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor may there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About TriStar Gold Inc.
TriStar Gold is an exploration and development company focused on precious metals properties in the Americas that have the potential to become significant producing mines. The Company's current flagship property is the Castelo de Sonhos gold project in Pará State, Brazil. TriStar has completed a pre-feasibility study and is now working to advance the project towards a feasibility study while evaluating optimization options. The Company's shares trade on the TSX Venture Exchange under the symbol TSG and on the OTCQB under the symbol TSGZF. Further information is available at www.tristargold.com.
On behalf of the board of directors of the Company:
Nick Appleyard
President and CEO
For further information, please contact:
TriStar Gold Inc.
Nick Appleyard
President and CEO
480-794-1244
info@tristargold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Forward-Looking Statements
Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation which are not historical facts and are made pursuant to the "safe harbour" provisions under the United States Private Securities Litigation Reform Act of 1995. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements in this press release include statements regarding the completion of the Offering. Such forward-looking statements are based upon the Company's reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause the Company's plans to change include changes in the state of the equity financing markets in Canada and other jurisdictions; the receipt of regulatory approvals; in demand for and price of gold and other commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments in Brazil; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of the Company's projects; risks of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves and resources; and the risks involved in the exploration, development and mining business. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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FAQ
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