- Ethos Gold(ECC) converts Iron Point Project Interest to Shares of Nevada King Gold Corp
- Ethos has accepted to renounce all of its rights under the Earn-in Agreement dated May 16, 2019
- As consideration for the renunciation of the Iron Point Project, Nevada King has agreed to issue to Ethos, 6,.5 million shares of Nevada King
- The shares are subject to a voluntary hold period of twelve months from the date of issuance
- Ethos (ECC) is up 5.56 per cent and is trading at C$0.19 at 12:00 pm ET
Ethos Gold Corp. (ECC) has concluded a termination and release agreement with Nevada King Gold Corp.
Ethos has accepted to renounce all of its rights under the Earn-in Agreement dated May 16, 2019, on the Iron Point project in Humboldt County, Nevada in exchange for 6.5 million shares of Nevada King.
Alex Heath, CFA, President of Ethos stated,
“We are pleased to have concluded this transaction on Iron Point, which allows Ethos to maintain upside participation in the Iron Point project through our six and a half million share interest in Nevada King.”
As consideration for the renunciation of the Iron Point Project, Nevada King has agreed to issue to Ethos, 6,.5 million shares of Nevada King.
The shares are subject to a voluntary hold period of twelve months from the date of issuance. The agreement is subject to TSX-V approval.
Ethos Gold, a Discovery Group company, has accumulated a portfolio of district-scale projects in British Columbia, Ontario, Québec, Newfoundland, and Nevada that we believe have large-scale discovery potential.
Ethos has a strong technical team led by Dr. Rob Carpenter, formerly the CEO of Kaminak Gold Corporation. Rob led the Kaminak team from its initial listing in 2005 through the acquisition and discovery of the multiple-million-ounce Coffee Gold Project.
Ethos (ECC) is up 5.56 per cent and is trading at C$0.19 at 12:00 pm ET.
