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Ethos Gold Announces Additional Financing
Vancouver, British Columbia--(Newsfile Corp. - August 7, 2020) - Ethos Gold Corp. (TSXV: ECC...
About this update from Prospector Metals Corp
[{"type":"text","content":"Ethos Gold Announces Additional FinancingVancouver, British Columbia--(Newsfile Corp. - August 7, 2020) - Ethos Gold Corp. (TSXV: ECC) (\"Ethos\" or the \"Company\") announces its intention to carry out a non-brokered private placement to raise aggregate gross proceeds of up to C$2,100,000 (the \"Offering\"). The Offering will consist of up to 10,000,000 Units at a price of C$0.21 per Unit. Each Unit will comprise one common share (a \"Share\") and one half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will be exercisable at a price of $0.28 into one common share for a period of two years from the date of issuance. The 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$0.55 or more for a period of ten consecutive trading days. The Company anticipates that a single institutional buyer will subscribe for $1.5 million of the Offering.Proceeds of this offering will be utilized on the Company's Iron Point project in Nevada and for general working capital. The Offering is subject to the acceptance of the TSX Venture Exchange, and securities issued in the Offering will be subject to a 4-month hold period. Finder's fees may be payable on all or a portion of the Offering.ContactFor additional information please contact Tom Martin at E: [email protected] P: 1-250-516-2455 or view the Company's website, www.ethosgold.com and the Company's SEDAR profile at www.sedar.com.Ethos Gold Corp.Per: \"Craig Roberts\"Craig Roberts, P.Eng., President & CEONeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Statement Cautions:This press release contains certain \"forward-looking statements\" within the meaning of Canadian securities legislation, relating to, among other things, the Company's plan to undertake the Offering, the size of the Offering and the contemplated use of the proceeds to further the exploration on the Company's Iron Point Project in Nevada or on other projects. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will...