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| Home : Precipitate Announces Closing of $800,000 Private Placement |
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Nov 27
2015 |
Precipitate Announces Closing of $800,000 Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 26, 2015) - Precipitate Gold Corporation (the "Company" or "Precipitate" or "PRG") (TSX VENTURE:PRG) announces that further to its news release dated November 19, 2015, it has received TSX Venture Exchange approval to close its 10,000,000 unit private placement (the "Private Placement") with Strategic Metals Ltd. The Company has raised $800,000 and issued 10,000,000 units at $0.08 per unit. Each unit consists of one (1) Precipitate common share and one (1) share purchase warrant. Each warrant entitles Strategic Metals Ltd. to purchase one (1) additional Precipitate common share at a price of $0.12 per share at any time within 12 months of the closing. The securities issued in connection with this first tranche closing of the Private Placement are subject to a hold period expiring March 27, 2016. The Company anticipates increasing the size of its Private Placement and completing another tranche closing of its Private Placement. No finder's fees or other sales commissions have been paid as part of this tranche of the Private Placement. |
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| Source:http://www.marketwired.com/mw/release.do?id=2077274&sourceType=3 |
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