TriStar Closes Final Tranche of Non-Brokered Private Placement

TriStar Gold Inc. (TSXV: TSG) (OTCQX: TSGZF) has successfully closed the final tranche of its non-brokered private placement, raising a total of C$3,233,970. The company issued 30,661,538 units, with each unit consisting of one common share and one-half of one transferable share purchase warrant. Each full warrant is exercisable for one common share at an exercise price of C$0.20 per share and a three-year term-to-maturity.

Auramet Capital Partners, L.P. (Auramet) acquired 12,061,538 units in the final tranche of the Offering, increasing its ownership in TriStar. Before the Offering, Auramet owned approximately 9.86% of the outstanding shares on an undiluted basis and 14.09% on a partially-diluted basis. After the Offering, Auramet's ownership increased to approximately 13.74% on an undiluted basis and 19.28% on a partially-diluted basis.

The net proceeds from the Offering will be used to advance the permitting of TriStar's 100% owned Castelo de Sonhos property and for general working capital purposes. This funding could help TriStar accelerate its development plans and potentially make strategic acquisitions or form partnerships in the future.

With Auramet's increased ownership and influence, the company may seek Auramet's input or support when considering future acquisitions or partnerships. Auramet's expertise in the precious metals industry could provide valuable insights and help TriStar make informed decisions about potential opportunities.



In conclusion, the completion of this private placement has strengthened TriStar's financial position and future growth prospects. The funds raised will enable the company to advance its permitting process and secure general working capital. Additionally, the increased ownership and influence of Auramet may facilitate future acquisitions or partnerships, further enhancing TriStar's potential for growth and success in the precious metals industry.