Ethos Gold Announces Closing of Private Placement
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Ethos Gold Announces Closing of Private Placement
Vancouver, BC – June 11, 2019, Ethos Gold Corp. (“ Ethos ” or the “ Company ”) (TSXV:ECC)
announces that it has completed a non -brokered private placement for gross proceeds of
$225,000 (the "Offering"). The Company issued 1,12 5,000 units (each a "Unit") at a purchase
price of $0.20 per Unit. Each Unit consists of one common share of the Company and one
common share purchase warrant (a "Warrant”) with ea ch Warrant entitling the holder to
purchase one common share of the Company at a purchase price of $0.40 per share until June
10, 2021.
The proceeds of the Offering will be used to advanc e the Company’s exploration projects and
for general working capital. The Offering is subjec t to final acceptance of the TSX Venture
Exchange (the "Exchange"), and securities issued in the Offering are subject to a four -month
hold period expiring on October 11, 2019, in additi on to such other restrictions as may apply
under applicable securities laws in jurisdictions outside of Canada. No finder's fees were paid in
respect of the Offering.
The Offering included a subscription from a related party of the Company as defined in
Multilateral Instrument 61 -101 Protection of Minority Security Holders in Special Transactions
("MI 61 -101"): Michael Murphy (a director of the Company) acquired 125,000 Units. The
participation of Mr. Murphy in the private placemen t was exempt from formal valuation and
minority shareholder approval requirements pursuant to exemptions contained in sections 5.5(c)
and 5.7(1)(a) of MI 61 -101.
About Ethos Gold
Ethos Gold is exploring the La Purisima gold projec t (earning 100%) in Chihuahua Mexico, the
Iron Point Carlin gold project (earning 50% from Victory Metals Inc: TSX -V: VMX) 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,
oxide gold target, and a maiden drill program is no w underway. Iron Point is a Lower Plate
hosted Carlin style gold target, and a planned prog ram of three vertical holes to test this target
will commence shortly under the supervision of Dr. Quinton Hennigh. Perk -Rocky is a copper -
gold porphyry target, and an exploration program in cluding detailed airborne geophysics and
ground mapping and sampling will commence shortly. Ethos also owns approximately 8% of
the equity of Carlin Type Holdings Ltd., a private company earning into 100% ownership of three
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Nevada exploration projects, including two deep Car lin type targets (Carlin East and Selena).
Ethos is also earning into the Pine Pass and Ursula vanadium projects (100% earn-in) in north-
central British Columbia. In March 2019 Ethos recei ved notice from the Province of British
Columbia that the mineral tenures making up its Pin e Pass vanadium project are included in an
area under consideration for an immediate moratoriu m on development proposals and possible
inclusion in an expanded environmental protected ar ea, and Ethos is now waiting on the
resolution of this issue before finalizing plans for further work.
Ethos currently has cash of approximately C$6.5 million and 56.3 million shares issued.
For additional information please contact Tom Marti n at E: [email protected] P: 1-250-
516-2455 or view the Company’s website, www.ethosgo ld.com 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-lookin g statements" within the meaning of Canadian securi ties
legislation, relating to, among other things, the C ompany’s plan to undertake the Offering and the con templated use
of the proceeds. Although the Company believes tha t such statements are reasonable, it can give no as surance that
such expectations will prove to be correct. Forward -looking statements are statements that are not hist orical facts;
they are generally, but not always, identified by t he words "expects," "plans," "anticipates," "believ es," "intends,"
"estimates," "projects," "aims," "potential," "goal ," "objective," "prospective," and similar expressi ons, or that events or
conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer
to future events. The Company cautions that Forward -looking statements are based on the beliefs, estim ates and
opinions of the Company's management on the date the statements are made and they involve a number of risks and
uncertainties. Consequently, there can be no assura nces that such statements will prove to be accurate and actual
results and future events could differ materially f rom those anticipated in such statements. Except to the extent
required by applicable securities laws and the poli cies of the TSX Venture Exchange, the Company under takes no
obligation to update these forward-looking statemen ts if management's beliefs, estimates or opinions, or other
factors, should change. Factors that could cause fu ture results to differ materially from those antici pated in these
forward-looking statements include, possible, accid ents and other risks associated with mineral explor ation
operations, the risk that the Company will encounte r unanticipated geological factors, the possibility that the
Company may not be able to secure permitting and ot her governmental clearances necessary to carry out the
Company's exploration plans, the risk that the Comp any will not be able to raise sufficient funds to c arry out its
business plans, and the risk of political uncertain ties and regulatory or legal changes that might int erfere with the
Company's business and prospects. The reader is urg ed to refer to the Company's reports, publicly avai lable through
the Canadian 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.
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.
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