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TriStar Gold Castale de Sonhos gold project in Pará State, Brazil
WRITTEN BY JC Villarba

TriStar Gold closes $10.4 million placement

TriStar Gold (TSX-V:TSG) has closed a C$10.4 million ($10.48 million) brokered private placement to fund exploration and development at its Brazilian gold properties.

The company issued 45,011,000 units at C$0.23 each, including the full exercise of agents’ over-allotment option.

Each unit comprises one common share and half a warrant, with full warrants exercisable at C$0.30 until 4 June 2028.

Stifel Canada led the placement as sole bookrunner alongside Paradigm Capital. The agents received a cash fee of C$621,151.8 and 2,700,660 compensation warrants exercisable at C$0.23 per share until the expiry date.

The company intends to use net proceeds for exploration and development of its mineral properties and general working capital.

TriStar Gold is a mineral exploration and development company focused on its wholly owned flagship Castelo de Sonhos gold project in Pará State in northern Brazil.

Write to JC Villarba at Mining.com.au

Images: TriStar Gold
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Written By JC Villarba
JC is an editor with a decade of experience shaping digital content for worldwide audiences. He has spent time embedded in the construction industry, producing content for some of Australia's leading construction and equipment platforms. A Political Science graduate, he has developed a long-standing habit of following global affairs too closely. Outside of work, JC can be found behind a camera, hunting for a good meal, or deep in a book about film or history.

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