Tristar GOLD Announces Closing of Final Tranche of Private Placement
August 13, 2018 Trading Symbol: TSG-
TSX.V
TRISTAR GOLD ANNOUNCES CLOSING OF FINAL TRANCHE OF
PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES.
TriStar Gold Inc. (the “Company” or “TriStar”) is pleased to announce that it has closed the second and
final tranche of the private placement financing (the “Private Placement”) announced in the Company’s
news releases dated May 27, 2018 and July 7, 2018 2018. In the final tranche 3,050,000 units (“Units”)
were issued at a price of Can $0.20 per Unit for gross proceeds of Can $610,000. Each Unit is composed
of one common share and one-half of one transferable common share purchase warrant (each whole warrant
a “Warrant”). Each Warrant issued in the second tranche will entitle the holder thereof to purchase one
additional common share of the Company at an exercise price of Can $0.25 until February 10, 2021. Also,
during the final tranche of this Private Placement, an officer and director of the Company subscribed for a
total of 1,000,000 Units under the same terms and conditions as the other participants , for subscription
funds of $200,000 which were received f rom the recent sale by such officer and director of 1,000,000
common shares of the Company through the facilities of the TSX Venture Exchange.
The two tranches combined resulted in the issuance of a total of 10,250,000 Units with gross proceeds of
Can $2,050,000. The first tranche of the Private Placement closed on August 3, 2018.
The Company intends to use the net proceeds of the Private Placement for advancing the Castelo de Sonhos
project, working capital and general corporate purposes.
The securities issued pursuant to the second and final tranche of the Private Placement will be subject to a
four month hold period under applicable Canadian securities laws, expiring on December 11, 2018.
About TriStar:
TriStar Gold is an exploration and development company focused on precious metals properties in the
Americas that have potential to become significant producing mines. The Company’s current flagship
property is Castelo de Sonhos in Pará State, Brazil. The Company’s shares are listed on the TSX Venture
Exchange under the symbol TSG. Further information is available at www.tristargold.com.
For further information, please contact:
TriStar Gold Inc.
Nick Appleyard
President and CEO
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 Securit ies
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 statement s in this press release include, but are not restricted to, statements regarding the
Company’s planned use of the proceeds of the Private Placement. Such forward-looking statements are based upon the Company's
reasonable expectations and business plan at t he 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 developme nt
programs; operating or technica l 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 ex ploration, 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.