{"id":1178848,"date":"2020-04-17T12:00:57","date_gmt":"2020-04-17T17:00:57","guid":{"rendered":"https:\/\/www.mining.com\/?p=1020820"},"modified":"2020-04-17T12:00:57","modified_gmt":"2020-04-17T17:00:57","slug":"precipitate-closes-barrick-financing-stock-up","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1178848","title":{"rendered":"Precipitate closes Barrick financing, stock up"},"content":{"rendered":"<p>Precipitate Gold (TSXV: PRG) <a aria-label=\"has closed (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"https:\/\/www.precipitategold.com\/news\/2020\/precipitate-closes-private-placement-with-barrick-for-proceeds-of-dollar1398500-2020-04-17\" >has closed<\/a> its previously announced non-brokered private placement of 12.71 common shares of the company at a price of C$0.11 per share for gross proceeds of approximately C$1.39 million, as subscribed for by Barrick Gold.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p><a aria-label=\"Earlier this week (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"https:\/\/www.mining.com\/barrick-to-invest-10-million-in-dominican-focused-precipitate-gold\/\" >Earlier this week<\/a>, the two companies entered into an earn-in agreement, granting Barrick the right to acquire a 70% stake in Precipitate\u2019s Pueblo Grande project in the Dominican Republic. The Pueblo Grande property is located next to the Pueblo Viejo mine jointly owned by Barrick (60%) and Newmont (40%).<\/p>\n<p>As part of the agreement, Barrick also agreed to subscribe for C$1.39 million of Precipitate\u2019s common shares in a private placement.<\/p>\n<p>Precipitate president and CEO Jeffrey Wilson said the financing proceeds will help the company with its exploration efforts at multiple existing advanced-staged targets at the Juan de Herrera project, as well as emerging target areas within the Ponton project located 30 km east of the Pueblo Viejo mine.<\/p>\n<p>Shares of Precipitate Gold rose by 16.6% to a six-week high of C$0.14 earlier on Friday. The company&#8217;s market capitalization is C$12.1 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Precipitate Gold rose to a six-week high earlier on Friday.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1178848"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1178848"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1178848\/revisions"}],"predecessor-version":[{"id":1178859,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1178848\/revisions\/1178859"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1178848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1178848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1178848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}