Tristar GOLD Announces Closing of First Tranche of Private Placement
August 6, 2018 Trading Symbol: TSG-TSX.V
TRISTAR GOLD ANNOUNCES CLOSING OF
FIRST 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 first tranche
of the private placement financing (the “Private Placement”) announced in the Company’s news release s
dated May 25, 2018 and July 7, 2018. In this first tranche 7,200,000 units (the “Units”) were issued at a
price of $0.20 per Unit for gross proceeds of approximately Can $1.44 million. Each Unit is composed of
one common share and one -half of one non-transferable common share purchase warrant (each whole
warrant, a “Warrant”) . Each warrant will entitle the holder thereof to purchase one additional common
share of the Company at an exercise price of $0.25 until February 3, 2021.
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 th e Private Placement are subject to a four month hold period under
applicable Canadian securities laws, expiring on December 4, 2018.
In connection with this tranche of the Private Placement, TriStar paid to arm’s length finders aggregate cash
finders’ fees of Can $3,500 and issued an aggregate of 1 7,500 non-transferable finders’ warrants having
the same terms as the Warrants.
About TriStar:
TriStar Gold is an explorat ion 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 statements in this press release inclu de, but are not restricted to the closing of potential further
tranches of the Private Placement, use of the proceeds of the Private Placement and the potential for any of the Company’s
properties to become significant producing mines . 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 competiti ve
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 f or
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 dimin ishing 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 mate rially 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 a ny forward-looking statements whether as a result of new
information, future events or otherwise, except as required by applicable securities laws.