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Ethos Closes First Tranche of Financing and Announces Management Appointments
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2021) -  Ethos Gold Corp. (TSXV...
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[{"type":"text","content":"Ethos Closes First Tranche of Financing and Announces Management AppointmentsVancouver, British Columbia--(Newsfile Corp. - April 1, 2021) -  Ethos Gold Corp. (TSXV: ECC) (OTCQB: ETHOF) (FSE: 1ET) (\"Ethos\" or the \"Company\") announces that it has closed the first tranche of its previously announced non-brokered flow through private placements (the \"Private Placements\") raising gross proceeds of $2,798,030.The closing of the first tranche of the Private Placements consisted of the following:a British Columbia flow through private placement of 2,796,168 flow through units priced at $0.24 per unit for gross proceeds of $671,080. Each unit will comprise one flow through share, and one half of one non-flow through common share purchase warrant. Each whole such warrant will be exercisable into one common share of the Company at an exercise price of $0.40 for a period of two years following closing. The common share purchase warrants will be subject to acceleration at the Company's discretion in the event its common shares trade on the TSX Venture Exchange on a volume weighted average price (\"VWAP\") basis of C$0.60 or more for a period of ten consecutive trading days. Proceeds of this offering will be utilized on the Company's Perk Rocky copper-gold porphyry project in British Columbia or on eligible flow through expenditures on other British Columbia projects.an Ontario flow through private placement of 716,666 flow through units priced at $0.24 per unit for gross proceeds of $172,000. Each unit will comprise one flow through share, and one half of one non-flow through common share purchase warrant. Each whole such warrant will be exercisable into one common share of the Company at an exercise price of $0.40 for a period of two years following closing. The common share purchase warrants will be subject to acceleration at the Company's discretion in the event its common shares trade on the TSX Venture Exchange on a volume weighted average price (\"VWAP\") basis of C$0.60 or more for a period of ten consecutive trading days. Proceeds of this offering will be utilized on the Company's Savant Lake Gold Project in Ontario or on eligible flow through expenditures on other Ontario projects.a national flow through private placement of 5,161,365 flow through units priced at $0.22 per unit for gross proceeds of $1,135,500. Each unit...