Precipitate Receives 1st Anniversary Payment as Golden Predator Proceeds with Reef Property Option
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Precipitate Receives 1st Anniversary Payment as Golden Predator
Proceeds with Reef Property Option
Vancouver, B.C. – February 8, 2018 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is
pleased to announce Golden Predator Mining Corp. will proceed with its option to earn a 100% interest in
Precipitate’s Reef property located immediately adjacent to the northern boundary of Golden Predator’s 3
Aces Project in the Upper Hyland River area of the Yukon Territory. See the Company’s news release dated
February 13, 2017 or the Company’s website for full details of the agreement.
In accordance with the terms of the agreement, in electing to maintain its option to earn a 100% interest in
the Reef property, Golden Predator has delivered to Precipitate certain 1 st anniversary payment
obligations, including:
- $150,000 in cash
- 100,000 common shares of Golden Predator; and
- 100,000 warrants each exercisable for the purchase of an additional share of Golden Predator at
an exercise price of $2.00 per share, exercisable for three years from issuance
In February of 2017, Golden Predator delivered to t he Company an initial payment of $400,000 in cash,
100,000 common shares of Golden Predator, and 100,0 00 warrants exercisable into common shares of
Golden Predator for a period of 3 years from the date of issuance at an exercise price of $1.50 per share.
Under the terms of the agreement, to complete the O ption, Golden Predator must complete total staged
payments $1,050,000 in cash, approximately $900,000 in Golden Predator common shares, and 800,000
three-year warrants exercisable for the purchase of additional Golden Predator shares.
The common shares issued pursuant to this agreement will be subject to a four-month hold period in
accordance with applicable securities laws.
About Precipitate Gold:
Precipitate Gold Corp. is a mineral exploration com pany focused on exploring and advancing its mineral
property interests in the Tireo Gold Trend of the D ominican Republic. The Company also maintains asset s
in British Columbia and southeast Yukon Territory, including the Company’s Reef property located
immediately adjacent to Golden Predator’s 3 Aces Pr oject in the Upper Hyland River area. The Company
has entered into an Option to Purchase Agreement wi th Golden Predator whereby Golden Predator can
earn a 100% interest in the Reef claims by making c ertain staged payments in cash and shares and
warrants. Precipitate is also actively evaluating a dditional high-impact property acquisitions with th e
potential 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.