Ethos Gold Announces Closing of Flow-Through Financing
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Ethos Gold Announces Closing of Flow-Through Financing
Vancouver, BC – November 28, 2019, Ethos Gold Corp. (“ Ethos ” or the “ Company ”) (TSXV:ECC)
announces that it has closed its non-brokered priva te placement of 6,531,632 Flow-Through Units
(the “FT Units”) of the Company at a price of C$0.2 7 per FT Unit for gross proceeds of C$1,763,541
(the “FT Offering”).
Each FT Unit is comprised of one flow-through commo n share (a “FT Share”) and one half of one
non flow-through common share purchase warrant (eac h whole warrant, a “Warrant”). Each
Warrant is exercisable at a price of $0.30 into one common share for a period of two years from
the date of issuance. The FT Shares will qualify a s “flow-through shares” within the meaning of
subsection 66(15) of the Income Tax Act (Canada).
The gross proceeds of the FT Offering will be used by the Company to incur “Canadian exploration
expenses” that will qualify as “flow-through mining expenditures” within the meaning of the
Income Tax Act (Canada) related to the Company’s projects in Québ ec on or prior to December 31,
2020 for renunciation to subscribers of FT Shares effective December 31, 2019.
The FT Offering is subject to the final acceptance of the TSX Venture Exchange, and all securities
issued or issuable under the FT Offering will be subject to a 4-month hold period expiring on March
29, 2020. Finder’s fees of C$21,599 were paid with respect to this offering.
Contact
For additional information please contact Tom Marti n at E: [email protected] P: 1-250-516-
2455 or view the Company’s website, www.ethosgold.c om and the Company’s SEDAR profile at
www.sedar.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.
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securi ties legislation,
relating to, among other things, the Company’s plan to undertake the FT Offering, the size of the FT O ffering and the
contemplated use of the proceeds. Although the Company believes that such statements are reasonable, it can give no
assurance that such expectations will prove to be c orrect. Forward-looking statements are statements t hat are not
historical facts; they are generally, but not alway s, identified by the words "expects," "plans," "ant icipates," "believes,"
"intends," "estimates," "projects," "aims," "potent ial," "goal," "objective," "prospective," and simil ar expressions, or
that events or conditions "will," "would," "may," " can," "could" or "should" occur, or are those state ments, which, by
their nature, refer to future events. The Company c autions that Forward-looking statements are based o n the beliefs,
estimates and opinions of the Company's management on the date the statements are made and they involv e a
number of risks and uncertainties. Consequently, th ere can be no assurances that such statements will prove to be
accurate and actual results and future events could differ materially from those anticipated in such s tatements. Except
to the extent required by applicable securities law s and the policies of the TSX Venture Exchange, the Company
undertakes no obligation to update these forward-lo oking statements if management's beliefs, estimates or opinions,
or other factors, should change. Factors that could cause future results to differ materially from tho se anticipated in
these forward-looking statements include risks asso ciated with the Company’s ability to complete the F T Offering and
obtain the necessary approval of the TSX Venture Exc hange, risks associated with the Company’s ability to use the
proceeds of the FT Offering as expected, possible a ccidents and other risks associated with mineral ex ploration
operations, the risk that the Company will encounter unanticipated geological factors, the possibility that the Company
may not be able to secure permitting and other gove rnmental clearances necessary to carry out the Comp any's
exploration plans, 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 Comp any's business and
prospects. The reader is urged to refer to the Comp any's reports, publicly available through the Canad ian Securities
Administrators' 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.