Houston, TX – TriStar Gold Inc. (the “Company” or “TriStar”) announces that it has raised $1,404,962 under the private placement announced February 12, 2015 (the “Private Placement”) by the issuance of 9,366,413 units (the “Units”) of the Company at a price of $0.15 per Unit. Each Unit consists of one (1) common share (a “Share”) in the capital of the Company and one half (1/2) share purchase warrant (a whole warrant, a “Warrant”). Each Warrant entitles 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 $0.20 per Warrant Share. The proceeds are to be used to conduct additional exploration at the Company’s Castelo de Sonhos project in Para State, Brazil, to make a payment on its Castelo de Sonhos project acquisition and for general 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.
TriStar 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
For further information, please contact:
TriStar Gold Inc.
Mark Jones III
Chairman and CEO
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.
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 forwardlooking statements whether as a result of new information, future events or otherwise.