Precipitate Closes Private Placement with Barrick for Proceeds of $1,398,500
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DISSEMINATION IN THE UNITED STATES.
Precipitate Closes Private Placement with Barrick
for Proceeds of $1,398,500
Vancouver, B.C. – April 17, 2020 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is
pleased to announce the closing of its previously a nnounced non-brokered private placement of
12,713,636 common shares of the Company at a price of $0.11 per share for gross proceeds of $1,398,500
(the “Offering”) as subscribed for by Barrick Gold Corporation.
Jeffrey Wilson, Company President & CEO stated, "We are excited to close this important equity financi ng,
as the proceeds provide the Company with a strong f inancial position to pursue its ongoing exploration
efforts at multiple existing advanced-staged target s at the Company’s Juan de Herrera Project as well as
emerging target areas within the Ponton Project loc ated just 30km east of Barrick’s Pueblo Viejo Mine.
Furthermore, adding Barrick Gold Corporation to its shareholder registry offers Precipitate a signific ant
new shareholder with global mining recognition and substantial in-country prominence and expertise.”
Precipitate will apply the net proceeds of the Offe ring to fund the Company’s projects in the Dominica n
Republic as well as general working capital purposes.
All securities issued under the Offering are subjec t to a four-month hold period expiring on August 18 ,
2020.
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.
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.
TSX VENTURE: PRG | www.precipitategold.com
625 Howe Street, Suite 1020, Vancouver, BC, V6C 2T6
Toll free: 855 558 0335
Direct: 604 558 0335