Ethos Upsizes Previously Announced Flow Through Financings
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Ethos Upsizes Previously Announced Flow
Through Financings
Vancouver, BC – March 9, 2021, Ethos Gold Corp. (“ Ethos ” or the “ Company ”) (TSXV: ECC ;
OTCQB: ETHOF ; Frankfurt: 1ET ) is pleased to announce that, as a result of stron g demand, it has
increased the size of its previously announced non-brokered private placements of flow-through units.
Ethos will now raise aggregate gross proceeds of up to $3,200,000, per the terms described in the
March 2, 2021 press release, and will also include a national charity flow through component, as
described below:
National Charity Flow Through Financing:
Private placement of flow through units priced at $ 0.25 per unit. Each unit will comprise one flow
through share, and one half of one non-flow through common share purchase warrant. Each whole
such warrant will be exercisable into one common share of the Company at an exercise price of $0.40
for a period of two years following closing. The c ommon share purchase warrants will be subject to
acceleration at the Company’s discretion in the eve nt its common shares trade on the TSX Venture
Exchange on a volume weighted average price (“VWAP” ) basis of C$0.60 or more for a period of ten
consecutive trading days. Proceeds of this offering will be utilized on eligible flow through expenditures
on the Company’s projects within Canada.
Members of the Company’s management and technical a dvisory team are expected to participate in
certain of the Private Placements. Finder’s fees m ay be paid on all or a portion of the Private
Placements. The Private Placements are subject to t he approval of the TSX Venture Exchange and
customary closing conditions.
About Ethos Gold Corp.
Ethos Gold, a Discovery Group company, has accumulated a portfolio of district scale projects in British
Columbia, Ontario, Quebec, Newfoundland, and Nevada that we believe have large scale discovery
potential. The Company has a strong technical team led by Dr. Rob Carpenter, formerly the CEO of
Kaminak Gold Corporation. Rob led the Kaminak team from initial listing in 2005 through acquisition
and discovery of the multiple-million ounce Coffee Gold Project. In Ethos he has assembled a senior
geologic team with a strong record of discovery success including Dr. Robert Brozdowski, P.Geo., Dan
MacNeil, M.Sc., P. Geo, and Dr. Alan Wainwright, P.Geo. Dr. Quinton Hennigh, an economic geologist
with 25 years of exploration experience formerly wi th Homestake Mining Company, Newcrest Mining
and Newmont Mining Corp oversees the Company’s work at the Iron Point project in Nevada. With
working capital of approximately C$4.5 million, the Company is well funded to advance its projects.
Ethos Gold Corp.
Per: “Alex Heath ”
Alex Heath, CFA, President
For further information about Ethos Gold Corp. or t his news release, please visit our website at
ethosgold.com or contact Alex Heath at 604-354-2491 or by email at [email protected] .
Ethos Gold Corp. is a proud member of Discovery Gro up. For more information please visit:
discoverygroup.ca
Forward-Looking Statement Cautions:
This press release contains certain “forward-lookin g statements” within the meaning of Canadian securi ties
legislation, including, but not limited to, statements regarding the Company’s plans with respect to the Company’s
projects and the timing related thereto, the merits of the Company’s projects, the Company’s objective s, plans
and strategies, the Private Placements, and other p roject opportunities. Although the Company believes that
such statements are reasonable, it can give no assu rance that such expectations will prove to be corre ct.
Forward-looking statements are statements tha t are not historical facts; they are generally, but not always,
identified by the words “expects,” “plans,” “antici pates,” “believes,” “intends,” “estimates,” “projec ts,” “aims,”
“potential,” “goal,” “objective,”, “strategy”, “pro spective,” and similar expressions, or that events or conditions
“will,” “would,” “may,” “can,” “could” or “should” occur, or are those statements, which, by their nat ure, refer to
future events. The Company cautions that Forward-lo oking statements are based on the beliefs, estimate s 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 assurances that such statements will prove to be accurate and
actual results and future events could differ mater ially from those anticipated in such statements. Ex cept to the
extent required by applicable securities laws and t he policies of the TSX Venture Exchange, the Compan y
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 materiall y from those
anticipated in these forward-looking statements inc lude the risk of accidents and other risks associat ed with
mineral exploration operations, the risk that the C ompany will encounter unanticipated geological fact ors, or the
possibility that the Company may not be able to secure permitting and other agency or governmental clearances,
necessary to carry out the Company’s exploration pl ans, risks and uncertainties related to the COVID-1 9
pandemic, risks and uncertainties related to the Co mpany’s ability to complete the Private Placements and the
size of the Private Placements, and the risk of pol itical uncertainties and regulatory or legal change s in the
jurisdictions where the Company carries on its busi ness that might interfere with the Company’s busine ss 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 Do cument Analysis and Retrieval (SEDAR) at www.sedar. com
for a more complete discussion of such risk factors and their potential effects
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts respo nsibility for the adequacy or accuracy of this
release.