Company offers common shares, 18-month warrants at C$0.10 per unit
By Devika Patel
Knoxville, Tenn., March 10 - TriStar Gold Inc. said it settled a C$2.21 million non-brokered private placement of units. The deal priced for C$3 million on Jan. 16.
The company sold 22,079,500 units of one common share and one warrant at C$0.10 per unit. Each 18-month warrant will be exercisable at C$0.13. The strike price is an 8.33% premium to C$0.12, the Jan. 15 closing share price.
Proceeds will be used to conduct an infill drill program at the company's Castelo de Sonhos project in Brazil.
The gold exploration company is based in Houston.
| Issuer: | TriStar Gold Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$2,207,950
|
| Units: | 22,079,500
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.13
|
| Agent: | Non-brokered
|
| Pricing date: | Jan. 16
|
| Settlement date: | March 10
|
| Stock symbol: | TSX Venture: TSG
|
| Stock price: | C$0.12 at close Jan. 15
|
| Market capitalization: | C$6.75 million
|
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