| | Publié le 14 avril 2011 | Announces Private Placement of up to $15 Million |
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Ethos Announces Private Placement of
up to $15 Million
Capital Corp.
(the "Company" or "Ethos") (TSX-V: ECC) (OTCQX:
ETHOF) (FRANKFURT: 1ET) is pleased to announce that it has engaged Canaccord Genuity Corp.
(the "Agent") to act as agent in connection with a proposed
private placement for gross proceeds of up to $15,000,000 (the
"Offering"). The proceeds will be raised by the issuance of
any combination of units and flow-through shares of Ethos at a price of
$1.00 per unit (the "Unit Offering Price") and $1.20 per
flow-through share, subject to a maximum of $5,000,000 issued in
flow-through shares.
Each unit will consist of one common share and one half of one common
share purchase warrant. Each whole warrant will entitle the holder to
purchase one additional common share at a price of $1.35 per share, for
a period of 18 months following the date of closing.
The proceeds of this Offering will be used to advance the Company's
Canadian and Mexican projects and for general working capital purposes.
In connection with the Offering, the Company will pay to the Agent a
cash commission equal to 6% of the aggregate proceeds from the offering
of the units and flow-through shares and issue to the Agent broker
warrants, exercisable for a period of 18 months from the closing date
of the Offering, to acquire in aggregate that number of units of the
Company which is equal to 6% of the number of units and flow-through
shares sold pursuant to the Offering exercisable at the Unit Offering
Price.
The closing of the Offering is expected to occur on May 5, 2011 or such
earlier or later date as may be agreed upon by Ethos and the Agent.
Terms of the Offering are subject to acceptance by the TSX Venture
Exchange.
About Ethos Capital Corp.
Ethos is a junior mining company focused on the exploration and
development of its mineral property prospects located in recognized
mineralized belts, in areas that are politically stable,
mining-friendly and hospitable to exploration and development. The
Company's principal assets are its substantial mineral land positions
in the heart of the emerging White Gold / Klondike gold district, as
well as its Santa Teresa and Corrales silver-zinc-lead properties in
Mexico.
For additional information please contact Gary Freeman or Andy Hay at
604-682-4750.
Ethos Capital Corp.
Per:
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 Company's plans to complete the Offering. 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, the Company's inability to secure
the acceptance by the TSX Venture Exchange for the above-described
option agreements, the Company's inability to secure sufficient
subscriptions to complete all or any part of the Offering, 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 in Mexico 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.
Click Here to view News Release
online
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Ethos Capital Corp.
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EXPLORATEUR |
CODE : ECC.V |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Ethos est une société d’exploration minière basée au Canada. Ses principaux projets en exploration sont CORRALES et SANTA TERESA au Mexique. Ethos est cotée au Canada. Sa capitalisation boursière aujourd'hui est 22,7 millions CA$ (18,2 millions US$, 16,9 millions €). La valeur de son action a atteint son plus haut niveau récent le 13 mai 2011 à 1,44 CA$, et son plus bas niveau récent le 20 mars 2020 à 0,08 CA$. Ethos possède 47 340 000 actions en circulation. |
Financements de Ethos Capital Corp. |
Projets de Ethos Capital Corp. |
Communiqués de Presse de Ethos Capital Corp. |
22/06/2016 | Ethos Grants 1,340,000 Incentive Stock Options |
12/05/2016 | Ethos Completes Private Placement Financing and Welcomes Cra... |
20/04/2016 | Ethos Gold Corp. Announces Appointment of New Senior Officer... |
24/11/2015 | IIROC Trading Resumption - ECC |
23/11/2015 | Ethos Gold Corp. and Zootly, LLC Terminate Proposed Business... |
26/10/2015 | IIROC Trading Halt - ECC |
16/06/2015 | Ethos Gold Corp. Announces Results of Annual General Meeting |
01/02/2013 | Terminates Option to Purchase the Betty And Wolf Properties,... |
19/09/2012 | Completes Second Phase of Exploration at Betty Project, Whit... |
04/04/2012 | Changes Name To Ethos Gold Corp. |
25/11/2011 | Reports On Exercise Of Warrants |
06/10/2011 | Samples 24.8 g/t Au from Trench, 7.3 g/t Au from Soil within... |
06/10/2011 | Samples 24.8 g/t Au from Trench, 7.3 g/t Au from Soil within... |
12/09/2011 | Samples 16.4 g/t Gold And 10 g/t Silver from Trenching "Masc... |
25/07/2011 | Discovers 2.1 g/t Gold Near the Coffee Fault, Betty Property... |
12/07/2011 | Identifies Gold Anomalies in the Coffee Fault, White Gold Di... |
06/07/2011 | Acquires 20 Kilometers of Claims Along Coffee Fault, White G... |
06/06/2011 | Acquires 1,460 Additional Claims by Staking in the White Gol... |
10/05/2011 | Budgets $6 Million for Yukon White Gold District in 2011 |
05/05/2011 | Completes $15 Million Private Placement |
03/03/2011 | Acquires Two Additional Properties in the Emerging White Gol... |
30/11/2010 | Acquires Gold Properties in the emerging White Gold District |
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