TriStar Raises CDN$2,200,000
March 10 2014 - 8:30AM
Business Wire
TriStar Gold Inc. (the “Company” or “TriStar”) announces that it
has raised CDN$2,207,950 under the private placement announced
January 16, 2014 (the “Private Placement”) by the issuance of
22,079,500 units (the “Units”) of the Company at a price of $0.10
per Unit. Each Unit consists of one (1) common share (a “Share”) in
the capital of the Company and one (1) share purchase warrant (a
“Warrant”), each Warrant entitling the holder to purchase one (1)
additional common share (a “Warrant Share”) in the capital of the
Company for a period of eighteen (18) months from the date of
issuance at an exercise price of $0.13 per Warrant Share. The
proceeds are to be used to conduct drilling at the Company’s
Castelo de Sonhos project in Brazil and for working capital.
All of the securities issued under the Private Placement will be
subject to a hold period which will expire four months and a day
from the date of issuance.
About TriStar:
TriStar Gold is a gold exploration company focused on
high-potential properties in Brazil. In addition to Castelo de
Sonhos, TriStar holds another exploration project in the Tapajós
district known as the Bom Jardim Property. The Company’s shares are
listed on the TSX Venture Exchange under the symbol TSG-V. Further
information is available at www.Tristarau.com.
Neither 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. 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 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. 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.
TriStar Gold Inc.Mark Jones
III, 281-579-3400Chairman and CEOinfo@tristarau.com
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