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Ethos Gold Announces Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 31, 2019) - Ethos Gold Corp. (TSXV: ECC) ...
About this update from Prospector Metals Corp
[{"type":"text","content":"Ethos Gold Announces Private PlacementVancouver, British Columbia--(Newsfile Corp. - May 31, 2019) - Ethos Gold Corp. (TSXV: ECC) (\"Ethos\" or the \"Company\") is pleased to announce a non-brokered private placement to raise gross proceeds of $225,000 (the \"Offering\"). The Company will issue 1,125,000 units (each a \"Unit\") at a purchase price of $0.20 per Unit. Each Unit will consist of one common share of the Company and one common share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder to purchase one common share of the Company at a purchase price of $0.40 per share for a period of two years from the date of the closing of the Offering.Dr. Quinton Hennigh will be subscribing to the Offering. As announced in the Company's May 17, 2019 press release, Dr. Hennigh joined Ethos as a technical advisor to oversee the Company's drill campaign to test a Carlin-type gold target at Iron Point, 22 miles east of Winnemucca, Nevada. Stated Craig Roberts, P.Eng., President and CEO of Ethos: \"We are very pleased to have Dr. Hennigh on board as a shareholder of Ethos and we look forward to working with him in drill testing the Carlin-type gold target at Iron Point. We anticipate announcing the date for commencement of drilling at Iron Point shortly.\"The proceeds of the Offering will be used the Company's exploration projects and for general working capital. The Offering is subject to the acceptance of the TSX Venture Exchange (the \"Exchange\"), and securities issued in the Offering will be subject to a 4-month hold period. No finder's fees are payable in respect of the Offering.Ethos also announces that it has granted, under its Share Option Plan, incentive stock options to certain directors, officers and consultants of the Company to purchase an aggregate of up to 600,000 common shares exercisable for a period of up to five years from the date of grant at a price of $0.20 per share. This grant is subject to acceptance by the TSX Venture Exchange.About Ethos GoldEthos Gold is exploring the La Purisima gold project (earning 100%) in Chihuahua Mexico, the Iron Point Carlin gold project (earning 50% from Victory Metals Inc.) 22 miles east of Winnemucca, Nevada, and the Perk-Rocky copper-gold porphyry project (earning 100%), 220 km west of Williams Lake, British Columbia. La Purisima is a near surface, bulk tonnage, o...