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TriStar Gold Inc. announces closing of C$9.2 million bought deal financing

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Cormark Securities Inc.

On July 14, 2020, TriStar Gold Inc. closed a bought deal prospectus offering conducted by a syndicate of underwriters, led by Cormark Securities Inc. and including Red Cloud Securities Inc. and Canaccord Genuity Corp. for aggregated gross proceeds of C$9,211,500.

A total of 30,705,000 units of TriStar Gold Inc. were sold pursuant to the offering, including an aggregate of 4,005,000 units issued as a result of the full exercise of the underwriters’ over-allotment option, at a price of C$0.30 per unit. Each unit consists of one common share in the capital of TriStar Gold Inc. and one- half of one common share purchase warrant. Each whole warrant entitles the holder to acquire an additional common share of TriStar Gold Inc. at an exercise price of C$0.40 until July 14, 2022.

The underwriters received a cash commission equal to 6.0% of the gross proceeds from the sale of the units pursuant to the offering (other than from the issue and sale of the units to certain purchasers on a president’s list for which the underwriters received a cash commission equal to 3.0%).

Fasken represented the syndicate of underwriters with a team lead by Grant McGlaughlin and including Neil Jacobs, Allison Marks, Gurinder (Gigi) Gujral, Jordana Keslassy and Ryan Kleinman.


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