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Tristar Gold ( (TSE:TSG) ) just unveiled an announcement.
TriStar Gold Inc. has successfully closed the first tranche of a non-brokered private placement, raising C$912,571 by selling over 7 million shares at C$0.13 each. The funds will be used for general working capital and to further develop its Castelo de Sonhos project. Notably, key stakeholders including directors and a major shareholder participated in the offering, indicating strong insider confidence. Despite this insider involvement, the process adhered to regulatory guidelines, ensuring no significant change in ownership, thus maintaining stable control and direction of the company.
More about Tristar Gold
TriStar Gold Inc. operates within the gold mining and exploration industry, focusing primarily on the advancement of its flagship project, Castelo de Sonhos, which is aimed at expanding the company’s gold resources.
Average Trading Volume: 44,000
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$39.19M
Find detailed analytics on TSG stock on TipRanks’ Stock Analysis page.
