Ethos Gold Announces Closing of Flow -Through Financing
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Ethos Gold Announces Closing of Flow -Through Financing
Vancouver, BC – December 24, 2018, Ethos Gold Corp. (“ Ethos ” or the “ Company ”)
(TSXV:ECC) announces that it has completed a non -brokered private placement of 7,000,000
Flow -Through Units (the “FT Units”) of the Company at a price of C$0.28 per FT Unit for gross
proceeds of C$1,960,000.
Each FT Unit consists of one common share of the Company to be issued on a flow -through
basis under the Income Tax Act (Canada) and one -half of one non -flow -through common share
purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to
purchase one non -flow -through common share of the Company at a purchase price of $0.30 per
share until December 21, 2020.
The gross proceeds of the FT Offering will be used for further exploration of the Company’s Pine
Pass vanadium project located on the John Hart Highway between Mackenzie and Chetwynd,
British Columbia.
All securities issued or issuable under the offering are subject to a four -month hold period
expiring on April 22, 2019, in addition to such other restrictions as may apply under applicable
securities laws in jurisdictions outside of Canada.
Final closing of this Offering is subject to final acceptance by the TSX Venture Exchange.
For additional information please contact Craig Roberts at 604 -682 -4750 or view the Company’s
website, www.ethosgold.com.
Ethos Gold Corp.
Per: " Craig Roberts "
Craig Roberts P.Eng., President & CEO
Neither 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.
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Forward-Looking Statement Cautions:
This press release contains certain "forward-lookin g statements" within the meaning of Canadian securi ties
legislation, relating to, among other things, the C ompany’s FT Offering and the contemplated use of th e proceeds to
further the exploration on its Pine Pass project. Although the Company believes that such statements are
reasonable, it can give no assurance that such expe ctations will prove to be correct. Forward-looking statements are
statements that are not historical facts; they are generally, but not always, identified by the words "expects," "pla ns,"
"anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective ," "prospective," and
similar expressions, or that events or conditions " will," "would," "may," "can," "could" or "should" o ccur, or are those
statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are
based on the beliefs, estimates and opinions of the Company's management on the date the statements ar e made
and they involve a number of risks and uncertaintie s. Consequently, there can be no assurances that su ch
statements will prove to be accurate and actual results and future events could differ materially from those anticipated
in such statements. Except to the extent required b y applicable securities laws and the policies of th e TSX Venture
Exchange, the Company undertakes no obligation to u pdate these forward-looking statements if managemen t's
beliefs, estimates or opinions, or other factors, s hould change. Factors that could cause future resul ts to differ
materially from those anticipated in these forward- looking statements include, possible, accidents and other risks
associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological
factors, the possibility that the Company may not b e able to secure permitting and other governmental clearances
necessary to carry out the Company's exploration pl ans, the risk that the Company will not be able to raise sufficient
funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might
interfere with the Company's business and prospects . The reader is urged to refer to the Company's rep orts, publicly
available through the Canadian Securities Administr ators' System for Electronic Document Analysis and Retrieval
(SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.
The securities referred to in this news release hav e not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account
or benefit of, U.S. persons absent U.S. registratio n or an applicable exemption from the U.S. registra tion
requirements. This news release does not constitute an offer for sale of securities for sale, nor a so licitation for offers
to buy any securities. Any public offering of secur ities in the United States must be made by means of a prospectus
containing detailed information about the company and management, as well as financial statements.