en.Wedoany.com Reported - Tristar Gold Inc. has announced the closing of a "best efforts" brokered private placement for total gross proceeds of C$10,352,530. The offering was led by Stifel Canada as lead agent and sole bookrunner, with Paradigm Capital Inc. co-participating.

The company issued 45,011,000 units at a price of C$0.23 per unit, including the full exercise of the agents' over-allotment option. Each unit consists of one common share and one-half of one common share purchase warrant, with each full warrant entitling the holder to purchase one common share at an exercise price of C$0.30 until June 4, 2028. The agents received a cash fee of C$621,151.80 and 2,700,660 non-transferable compensation warrants exercisable at C$0.23 per share, with the same expiry date. The compensation warrants and any shares issued upon their exercise are subject to a four-month hold period expiring on October 5, 2026.

The company intends to use the net proceeds from the offering for the exploration and development of mineral properties, as well as general working capital. The offering was made to residents of Canada (excluding Quebec) and other qualified jurisdictions under the listed issuer financing exemption under Part 5A of National Instrument 45-106, and therefore the issued units are not subject to a hold period. The offering remains subject to final approval from the TSX Venture Exchange.

TriStar Gold is a precious metals mineral exploration and development company focused on the Americas, with its flagship asset being the Castelo de Sonhos project located in Pará State, Brazil. The company's shares trade on the TSX Venture Exchange under the symbol TSG and on the OTCQB under the symbol TSGZF.

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