Precipitate Announces Proposed Non-Brokered Private Placement for up to $1,500,000
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Not for distribution to United States newswire services or for dissemination in the United States
Precipitate Announces Proposed Non-Brokered Private Placement for
up to $1,500,000
Vancouver, B.C. – September 27, 2019 - Precipitate Gold Corp. (“Precipitate” or the “Company”) (TSXV:
PRG)
is pleased to announce a non-brokered private place ment of up to 11,538,462 units of the Company (the
"Units") at a price of $0.13 per Unit for gross proceeds of up to $1,500,000 (the "Offering").
Each Unit will consist of one common share of the C ompany (a "Common Share") and one-half of one
common share purchase warrant (a "Warrant"). Each w hole Warrant will entitle the holder thereof to
purchase one additional Common Share of the Company at an exercise price of $0.20 at any time within 24
months of the closing of the unit offering. If the Offering is oversubscribed and cannot be increased,
subscriptions will be reduced on a pro-rata basis.
The proceeds from the Offering will be used to fund the Company's continued exploration and
development on its Pueblo Grande project in the Dom inican Republic, and for general working capital
purposes.
The placement will rely upon the usual exemptions, and in addition, the placement will be available to all
persons who held common shares of the Company as of September 16, 2019 (the record date).
Finder's fees may be payable in connection with the completion of the Offering in accordance with TSX
Venture Exchange policies.
Closing of the Offering is subject to certain closi ng conditions including, but not limited to, condit ional
approval from the TSX Venture Exchange and receipt of any other required regulatory approvals. The
securities being offered under the Offering will be issued pursuant to applicable exemptions from the
prospectus requirements under applicable securities laws and will be subject to a hold period that wil l
expire four months and one day from the date of issue.
About Precipitate Gold:
Precipitate Gold Corp. is a mineral exploration com pany focused on exploring and advancing its mineral
property interests in the Pueblo Viejo Mining Camp and Tireo Gold Trend of the Dominican Republic.
Precipitate is also actively evaluating additional high-impact property acquisitions with the potentia l to
expand the Company's portfolio and increase shareholder value.
Additional information can be viewed at the Company’s website www.precipitategold.com .
TSX VENTURE: PRG | www.precipitategold.com
625 Howe Street, Suite 1020, Vancouver, BC, V6C 2T6
Toll free: 855 558 0335
Direct: 604 558 0335
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On Behalf of the Board of Directors of Precipitate Gold Corp.,
“Jeffrey Wilson”
President & CEO
For further information, please contact:
Tel: 604-558-0335 Toll Free: 855-558-0335 [email protected]
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other
than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the
use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is ex pected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such w ords and phrases, or by the use of words or
phrases which state that certain actions, events or results may, could, would, or might occur or be ac hieved. This forward-looking information
reflects Precipitate Gold Corp.’s (“Precipitate” or the “Company”) current beliefs and is based on information currently available to Company and on
assumptions it believes are reasonable. Forward-loo king information is subject to known and unknown ri sks, uncertainties and other factors that
may cause the actual results, level of activity, performance or achievements of Precipitate to be materially different from those expressed or implied
by such forward-looking information. Such risks and other factors may include, but are not limited to: the exploration concessions may not be
granted on terms acceptable to the Company, or at a ll; general business, economic, competitive, political and social uncertainties; the concessions
acquired by the Company may not have attributes similar to those of surrounding properties; delay or failure to receive governmental or regulatory
approvals; changes in legislation, including enviro nmental legislation affecting mining; timing and av ailability of external financing on acceptable
terms; conclusions of economic evaluations; and lac k of qualified, skilled labour or loss of key indiv iduals. Although Precipitate has attempted to
identify important factors that could cause actual results to differ materially from those contained i n forward-looking information, there may be
other factors that cause results not to be as antic ipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-
looking information. Precipitate does not undertake to update any forward-looking information, except in accordance with applicable securities
laws.