PROG (US:PRG) Thenewswire·2025-12-29 13:30Core Viewpoint - Precipitate Gold Corp. is initiating a non-brokered private placement to raise up to $6,500,000 through the issuance of 59,090,909 units at a price of $0.11 per unit, with significant participation from Dominican institutional investors [1][2][3]. Group 1: Offering Details - The private placement will consist of units, each comprising one common share and one-half of a common share purchase warrant, with the warrants exercisable at $0.17 per share for 18 months [4]. - The offering is subject to approval from the TSX Venture Exchange and may close in multiple tranches [6]. Group 2: Strategic Importance - The involvement of prominent Dominican investors, including Guess Investments Ltd., is expected to provide strategic value due to their expertise and understanding of the local regulatory and operational environment [2][4]. - The investors' commitment to an extended hold period beyond regulatory requirements indicates a long-term alignment with the company's management and existing shareholders [4]. Group 3: Use of Proceeds - Proceeds from the offering will be allocated to ongoing exploration and project development activities, particularly at the Juan de Herrera project, as well as for general working capital [5]. Group 4: Board of Directors - Upon closing of the offering, a new director will be appointed to the Board of Directors, nominated by Guess Investments Ltd. [7]. - If all warrants are exercised, Guess Investments Ltd. will have the right to nominate an additional board member, subject to existing board approval [8]. Group 5: Company Overview - Precipitate Gold Corp. focuses on mineral exploration in the Dominican Republic, with key projects including the Juan de Herrera project, Pueblo Grande project, and Ponton project [9].