Source: Ethos Gold Corp.
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  • Ethos Gold (ECC) has announced a non-brokered private placement offering for gross proceeds of $2,000,000
  • Mr. Eric Sprott has indicated his intention to subscribe for the entirety of the private placement
  • The gross proceeds will be used primarily for the exploration of the Toogood Project in Newfoundland
  • Ethos Gold has accumulated a portfolio of district-scale projects in British Columbia, Ontario, Quebec, and Newfoundland
  • Ethos Gold Corp. (ECC) opened trading at C$0.39 per share

Ethos Gold (ECC) has announced a non-brokered private placement offering for gross proceeds of $2,000,000.

Mr. Eric Sprott has indicated his intention to subscribe for the entirety of the private placement.

Each unit shall be comprised of one common share and one half of one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share at a price of $0.45 at any time up to 24 months from the closing of the offering.

The company intends to use the gross proceeds for exploration activities on the Toogood Project, on New World Island, Newfoundland, and general working capital.

The company will pay a finder’s fee in accordance with the policies of the TSX Venture Exchange.

Ethos Gold has accumulated a portfolio of district-scale projects in British Columbia, Ontario, Quebec, and Newfoundland that have large-scale discovery potential.

With approximately C$10 million in working capital, Ethos is well funded to advance its portfolio of Canadian projects.

Ethos Gold Corp. (ECC) opened trading at C$0.39 per share.

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