TriStar Closes Final Tranche of Non-Brokered Private Placement
TriStar Closes Final Tranche of Non-Brokered
Private Placement
Scottsdale, Arizona--(Newsfile Corp. - February 21, 2025) - TriStar Gold Inc. (TSXV: TSG) (OTCQB:
TSGZF) ("TriStar" or the "Company") is pleased to announce that it has closed the final tranche of its
non-brokered private placement of up to 11,538,461 common shares announced in news releases
dated January 13, 2025, and February 6, 2025 (the "Offering"). A total of 1,300,000 common shares of
the Company were sold under the final tranche of the Offering, at a price of C$0.13 per common share
for gross proceeds to the Company of C$169,000. With respect to the sale of this final tranche, a 3%
finder's fee of C$5,070 was paid to a Canadian based financial services firm.
In total, the Company sold 8,319,777 common shares for gross proceeds of C$1,081,571 with respect
to this placement. The Company intends to use the net proceeds of the Offering for general working
capital purposes and to further advance its Castelo de Sonhos gold project.
Please refer to the news release dated February 6, 2025 for full disclosure of all insiders and the early
warning report with respect to this placement.
All securities issued in connection with the final tranche of the Offering are subject to a four month hold
period expiring on June 22, 2025 in accordance with applicable securities laws and the policies of the
TSX Venture Exchange. The Offering is subject to final approval of the TSX Venture Exchange.
About TriStar
TriStar Gold is an exploration and development company focused on precious metals properties in the
Americas that have the potential to become significant producing mines. The Company's current flagship
property is Castelo de Sonhos 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. Further information is
available at
www.tristargold.com
.
On behalf of the Board of Directors of the Company:
Jessica Van Den Akker, Acting CEO and director
For further information, please contact:
TriStar Gold Inc.
Scott Brunsdon,
CFO
480-794-1244
Neither the 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.
Generally, forward-looking information can be identified by the use of forward-looking terminology
such as "expects" or "it is expected", or variations of such words and phrases or statements that
certain actions, events or results "will" occur. Forward looking statements in this press release include
all statements regarding the planned use of proceeds of the Offering. 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 risks related
to regulatory approval and permit challenges, 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. Although management of the Company has
attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking statements or forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. 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, except as required by applicable securities laws.
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