The Prospector News

Ethos Gold Announces Closing of Flow-Through Financing

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

Ethos Gold Announces Closing of Flow-Through Financing






Ethos Gold Corp. (TSX-V: ECC)  announces that it has completed a non-brokered private placement of 7,000,000 Flow-Through Units of the Company at a price of C$0.28 per FT Unit for gross proceeds of C$1,960,000.


Each FT Unit consists 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 entitles the holder to purchase one non-flow-through common share of the Company at a purchase price of $0.30 per share until December 21, 2020.


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 Highway between Mackenzie and Chetwynd, British Columbia.


All securities issued or issuable under the offering are subject to a four-month hold period expiring on April 22, 2019, in addition to such other restrictions as may apply under applicable securities laws in jurisdictions outside of Canada.


Final closing of this Offering is subject to final acceptance by the TSX Venture Exchange.


Posted December 28, 2018

Share this news article


Atico Produces 3.73 Million Pounds of Cu and 2,874 Ounces of Au in Second Quarter 2024

Atico Mining Corporation (TSX-V: ATY) (OTCQX: ATCMF) announces it... READ MORE

July 19, 2024

Lithium Ionic Completes US$20 Million Royalty Agreement with Appian Capital

Lithium Ionic Corp. (TSX-V: LTH) (OTCQX: LTHCF) (FSE: H3N) is ple... READ MORE

July 19, 2024

Golden Cariboo Intersects New Discovery with Multiple Examples of Visible Gold in Each of Three Drill Holes at the Halo Zone 830m from the Quesnelle Gold Quartz Mine

Golden Cariboo Resources Ltd. (CSE: GCC) (OTC: GCCFF) (WKN: A402C... READ MORE

July 18, 2024

North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton

North Bay Resources Inc. (OTC: NBRI) is pleased to announce it ha... READ MORE

July 18, 2024

Entrée Resources Announces Additional Drill Results and Provides an Update on Underground Development Work

Entrée Resources Ltd. (TSX:ETG) (OTCQB:ERLFF)  is pleased to pr... READ MORE

July 18, 2024

Copyright 2024 The Prospector News