New Issue: TriStar Oil plans C$15.04 million sale of flow-through shares

By Sheri Kasprzak

New York, July 26 - TriStar Oil & Gas Ltd. priced a C$15,041,000 private placement.

The offering includes up to 1.69 million flow-through shares at C$8.90 each.

The deal is being placed through a syndicate of underwriters led by Orion Securities Inc., FirstEnergy Capital Corp. and GMP Securities LP and including BMO Capital Markets Ltd., Tristone Capital Inc., TD Securities Inc., National Bank Financial Inc., Scotia Capital Inc., Blackmont Capital Inc. and Haywood Securities Inc.

The placement is scheduled to close Aug. 10.

Proceeds will be used for ongoing exploration on the company's Canadian properties.

TriStar, based in Calgary, Alta., is an oil and natural gas exploration company.

Issuer:	TriStar Oil & Gas Ltd.
Issue:	Flow-through shares
Amount:	C$15,041,000
Shares:	1.69 million
Price:	C$8.90
Warrants:	No
Underwriters:	Orion Securities Inc. (lead), FirstEnergy Capital Corp. (lead), GMP Securities LP (lead), BMO Capital Markets Ltd., Tristone Capital Inc., TD Securities Inc., National Bank Financial Inc., Scotia Capital Inc., Blackmont Capital Inc. and Haywood Securities Inc.
Pricing date:	July 26
Settlement date:	Aug. 10
Stock symbol:	Toronto: TOG
Stock price:	C$6.88 at close July 25

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