Ethos Gold Announces Flow -Through Financing to Raise $1,960,000
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Ethos Gold Announces Flow -Through Financing to Raise $1,960,000
Vancouver, BC – December 17, 2018, Ethos Gold Corp. (“ Ethos ” or the “ Company ”)
(TSXV:ECC) is pleased to announce a non -brokered private placement to raise gross proceeds
to the Company of up to $1,960,000 (the "FT Offering") by the issuance of up to 7,000,000 units
(each a "FT Unit") at a purchase price of $0.28 per FT Unit. Each FT Unit will consist 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 will entitle th e holder to purchase one non -flow -through
common share of the Company at a purchase price of $0.30 per share for a period of two years
from the date of the closing of the FT Offering.
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 High way between Mackenzie and Chetwynd,
British Columbia.
The FT Offering is subject to the acceptance of the TSX Venture Exchange (the "Exchange"),
and securities issued in the FT Offering will be subject to a 4 -month hold period. No finder's fees
are payable in respect of the FT Offering.
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., Interim 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 securities
legislation, relating to, among other things, the C ompany’s plan to undertake the FT Offering and the contemplated
use of the proceeds to further the exploration on i ts Pine Pass project. Although the Company believe s that such
statements are reasonable, it can give no assurance that such expectations will prove to be correct. F orward -looking
statements are statements that are not historical f acts; they are generally, but not always, identifie d by the words
"expects," "plans," "anticipates," "believes," "int ends," "estimates," "projects," "aims," "potential, " "goal," "objective,"
"prospective," and similar expressions, or that eve nts or conditions "will," "would," "may," "can," "c ould" or "should"
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occur, or are those statements, which, by their nat ure, refer to future events. The Company cautions t hat Forward-
looking statements are based on the beliefs, estima tes and opinions of the Company's management on the date the
statements are made and they involve a number of ri sks and uncertainties. Consequently, there can be n o
assurances that such statements will prove to be ac curate and actual results and future events could d iffer materially
from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies
of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking stat ements if
management's beliefs, estimates or opinions, or oth er factors, should change. Factors that could cause future results
to differ materially from those anticipated in thes e forward-looking statements include, possible, acc idents and other
risks associated with mineral exploration operation s, the risk that the Company will encounter unantic ipated
geological factors, the possibility that the Compan y may not be able to secure permitting and other go vernmental
clearances necessary to carry out the Company's exp loration plans, the risk that the Company will not be able to
raise sufficient funds to carry out its business pl ans, and the risk of political uncertainties and re gulatory or legal
changes that might interfere with the Company's bus iness and prospects. The reader is urged to refer t o the
Company's reports, publicly available through the C anadian Securities Administrators' System for Elect ronic
Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factor s
and their potential effects.