Ethos Gold Announces Closing of Private Placement
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Ethos Gold Announces Closing of Private Placement
Vancouver, BC – November 17, 2020, Ethos Gold Corp. (“ Ethos ” or the “ Company ”) (TSXV:ECC)
announces that it has completed a non-brokered private placement for gross proceeds of $100,000 (the
"Offering"). The Company issued 500,000 units (eac h a "Unit") at a purchase price of $0.20 per Unit.
Each Unit consists of one common share of the Compa ny and one common share purchase warrant (a
"Warrant”) with each Warrant entitling the holder t o purchase one common share of the Company at a
purchase price of $0.40 per share until November 17, 2025.
Alex Heath, CFA, who has joined Ethos as President was the sole subscriber to this Offering (see Ethos
November 5, 2020 news release). The Offering is su bject 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 March 18, 2021, in addition to such oth er 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"): Alex
Heath (President of the Company) acquired 500,000 Units. The participation of Mr. Heath in the private
placement 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.
Contact
For additional information please contact Tom Martin at E: [email protected] P: 1-250-516-2455
or view the Company’s website, ethosgold.com and the Company’s SEDAR profile at www.sedar.com .
Ethos Gold Corp. is a proud member of Discovery Group. For more information please visit
discoverygroup.ca .
Ethos Gold Corp.
Per: " Craig Roberts "
Craig Roberts, P .Eng., CEO
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.