Precipitate Gold Closes $6.5 Million Non-Brokered Private Placement Led by Strategic Dominican Investors

Core Viewpoint - Precipitate Gold Corp. has successfully closed a non-brokered private placement, raising a total of $6,484,500 through the issuance of 58,950,000 units priced at $0.11 each, which will support its exploration and project development activities in the Dominican Republic [1][4]. Group 1: Offering Details - The Offering consisted of 58,950,000 units priced at $0.11 each, resulting in total proceeds of $6,484,500 [1]. - Each unit includes one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at $0.17 per share for 18 months [3]. - The Offering was led by significant Dominican investors, including Guess Investments Ltd., a major institutional investor in the Dominican Republic [2]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated to ongoing exploration and project development across the Company's mineral property portfolio in the Dominican Republic, particularly at the Juan de Herrera project [4]. - The funds will also be used for general working capital purposes [4]. Group 3: Board Representation - Guess Investments Ltd. has the right to nominate an appointee to the Company's Board of Directors, with potential for additional nominations based on warrant exercises and shareholding thresholds [6]. - The representation of Dominican investors on the Board will not exceed 30% at any time [6]. Group 4: Company Overview - Precipitate Gold Corp. is focused on mineral exploration in the Dominican Republic, with key projects including the Juan de Herrera project, Pueblo Grande project, and Ponton project [7]. - The Company is also evaluating additional property acquisitions to enhance its portfolio and shareholder value [7].