Precipitate Saddened by Passing of Director Gary Freeman
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Precipitate Saddened by Passing of Director Gary Freeman
Vancouver, B.C. – February 15, 2018 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG)
announces today, with great regret, the sudden deat h of one of the Company’s founding Directors, Mr.
Gary Freeman.
Gary was a prolific venture capital financier, a co mpany builder, a former stock broker, and a promote r in
the very best sense of the word. He contributed to the success of many Canadian listed issuers and pla yed
an important role as a Director of Precipitate. Ga ry was known for his unique brand of charm and sens e of
humour. At the time of his passing, Gary was President and CEO of Ethos Gold Corp. and a Director of other
listed companies. Gary enjoyed a long and successfu l career in the capital markets, most notably as th e
President and Chief Executive Officer of Pediment Gold Corp. from 2005 to 2011, where he was responsible
for raising funds and executing certain exploration campaigns that would lead to the discovery of the San
Antonio deposit, the purchase of the La Colorada mi ne, and the eventual sale of Pediment to Argonaut
Gold Inc. for approximately $140 million.
Jeffrey Wilson, Precipitate’s President and CEO com mented, "It is with great sadness and regret that w e
announce the passing of our friend and colleague, G ary Freeman. As a founding Director of the Company,
Gary’s input and contributions to the Company were invaluable. The Board of Directors, management and
staff of Precipitate Gold are indebted to Gary for his significant contributions to the Company. Gary leaves
behind many grateful colleagues and good friends an d his unique and loveable character will be greatly
missed. Our thoughts are with Gary's wife and family at this very difficult time."
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 .
On Behalf of the Board of Directors of Precipitate Gold Corp.,
“Jeffrey Wilson”
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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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, politi cal 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.