Tuesday, March 03, 2015 9:42:14 AM
http://www.precipitategold.com/s/news.asp?ReportID=692215
January 23, 2015
Precipitate Completes First Payment on Juan de Herrera Project
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Vancouver, B.C. -- January 23, 2015 - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSXV: PRG) is pleased to announce it has completed a payment of cash and common shares to 0945044 BC Ltd (the "Vendor") as part of the Share Purchase Agreement (as amended) on the Company's Juan de Herrera project in the Dominican Republic.
The payment consisted of C$90,000 and 1.0 Million common shares of the Company payable to Vendor. The common shares are subject to a hold period expiring May 22, 2015.
Precipitate maintains exclusive rights to a 100% interest in the project (subject to an NSR) and can complete the acquisition of the project in full by delivering to the Vendor two additional staged payments of cash and shares and completing certain work commitment requirements. Additional information on the acquisition terms can be viewed on the company's website. www.precipitategold.com.
About Precipitate Gold:
Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in the Tireo Gold Trend of the Dominican Republic. The Company also maintains assets in northern British Columbia and southeast Yukon Territory and is actively evaluating additional high-impact property acquisitions with the 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.,
C4urself the 1st Ammendment.
Don't assume that i don't know, and i wont assume, that you have no idea.
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