Business
ETHOS ANNOUNCES PRIVATE PLACEMENT OF UP TO $15 MILLION
Apr. 13, 2011 (Canada NewsWire Group) -- / NOT FOR DISSEMINATION INTO THE UNITED STATED OR TH...
About this update from Prospector Metals Corp
[{"type":"text","content":"\n\n\n Apr. 13, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISSEMINATION INTO THE UNITED STATED OR THROUGH U.S. NEWS WIRE\n SERVICES/\n\n\nVANCOUVER, April 13 /CNW/ - Ethos Capital Corp. (the "Company" or\n "Ethos") (TSX-V: ECC) (OTCQX: ETHOF) (FRANKFURT: 1ET) is pleased to\n announce that it has engaged Canaccord Genuity Corp. (the "Agent") to\n act as agent in connection with a proposed private placement for gross\n proceeds of up to $15,000,000 (the "Offering").  The proceeds will be\n raised by the issuance of any combination of units and flow-through\n shares of Ethos at a price of $1.00 per unit (the "Unit Offering\n Price") and $1.20 per flow-through share, subject to a maximum of\n $5,000,000 issued in flow-through shares.\n\n\nEach unit will consist of one common share and one half of one common\n share purchase warrant.  Each whole warrant will entitle the holder to\n purchase one additional common share at a price of $1.35 per share, for\n a period of 18 months following the date of closing.\n\n\nThe proceeds of this Offering will be used to advance the Company's\n Canadian and Mexican projects and for general working capital purposes.\n\n\nIn connection with the Offering, the Company will pay to the Agent a\n cash commission equal to 6% of the aggregate proceeds from the offering\n of the units and flow-through shares and issue to the Agent broker\n warrants, exercisable for a period of 18 mon...