TriStar Gold – Upsized PP With First Tranche Closed, Permitting Update And What Comes Next
Nick Appleyard, President and CEO of TriStar Gold (TSX.V:TSG – OTCQX:TSGZF) joins me to discuss yesterday’s news on closing the first tranche of the Private Placement which was increased to $3.2million. The first tranche was closed for $1.655million, with Auramet Capital Partners subscribing for 1.4million units increasing its ownership of TriStar to 9.8% on an undiluted basis and 14.01% on a partially-diluted basis.
I have Nick outline why the Company has to close the financing in two tranches and what this money will be allocated for. I also have Nick provide an update on the permitting progress at the Castelo de Sonhos Property in Brazil. We then look past the permitting process to discuss the options the Company will have to move the Project forward.
If you have any follow up questions for Nick please email me at Fleck@kereport.com.