Precipitate Gold Announces $6.5 Million Non-Brokered Private Placement Led by Strategic Dominican Investors

Executive Summary

• Precipitate Gold Corp. announced a proposed non‑brokered private placement of up to 59,090,909 units at $0.11 per unit for gross proceeds of up to $6.5 million.
• Each unit consists of one common share and half of a warrant (full warrant exercisable at $0.17 per share for 18 months). Units are subject to a six‑month resale restriction and an extended hold period.
• Proceeds will be used to fund aggressive exploration and drilling on the company’s Dominican mineral properties, including the Juan de Herrera project, and for general working capital.

Key Details

• Units Offered: Up to 59,090,909 units at $0.11 per unit.
• Gross Proceeds Target: Up to $6,500,000.
• Unit Composition:
• 1 common share of Precipitate Gold Corp.
• ½ of one common share purchase warrant (full warrant exercisable for an additional share at $0.17).
• Warrant Terms: Exercise price $0.17 per share; exercisable for 18 months from issuance.
• Resale Restrictions: Securities subject to a six‑month resale restriction, representing an extended hold period beyond regulatory requirements.
• Use of Proceeds:
• Advance ongoing exploration and project development across Dominican property portfolio.
• Aggressive drilling at the Juan de Herrera project.
• General working capital purposes.
• Closing Conditions: Subject to TSX Venture Exchange approval; may close in one or more tranches. No finder’s fees will be paid.
• Board Appointment: Upon closing, a new director will be appointed by Guess Investments Ltd.; an additional director may be nominated if all warrants are exercised (subject to board approval and timing restrictions).
• Strategic Investors: Led by Dominican institutional investors, notably Guess Investments Ltd., providing sector expertise and long‑term commitment.

Notable Quotes

“This private placement represents a significant strategic milestone for Precipitate… Their involvement reflects strong confidence in Precipitate’s mineral exploration projects and materially strengthens the Company’s positioning as we move forward with ongoing exploration, development, and future financing initiatives.” – Jeffrey Wilson, President & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the release.