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Ethos Reports On Exercise Of Warrants
Vancouver, BC - November 24, 2011 - Ethos Capital Corp. (the "Company" or "Ethos") (TSX-V: ECC) (OTCQX: ETHOF) (FRANKFURT: 1ET) is pleased to report that all of the 1,854,000 share purchase warrants (the "Warrants") that were issued under the Company's private placement that closed on May 21, 2010, have been exercised by the holders to purchase 1,854,000 common shares of the Company at a price of $0.55 per share, for proceeds to the Company of $1,019,700. In addition to the amount above, the 235,060 finders' warrants (the "Finders' Warrants") issued under the private placement were exercised to purchase 235,060 common shares of the Company at a price of $0.45 for $105,777, for aggregate gross proceeds to the Company of $1,125,477. The Company anticipates using the proceeds of the Warrant and Finders' Warrant exercises for general corporate purposes. About Ethos Capital Corp.Ethos' principal assets are its substantial mineral land positions in the heart of the White Gold/Klondike gold district, as well as its Corrales silver-zinc-lead property in Mexico. Ethos currently has approximately 42 million shares issued and outstanding, and working capital of approximately $14.5 million. For additional information please contact Gary Freeman or Fred Leigh at 604-682-4750 or visit the company website at www.ethoscapitalcorp.com. Per: "Gary Freeman"Gary Freeman, President & CEO 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 proposed use of proceeds from the Warrant and Finders' Warrant exercises. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates 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 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 statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include, possible, accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document 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 responsibility for the adequacy or accuracy of this release.
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