- Ethos Gold (ECC) has closed its non-brokered private placement of units raising gross proceeds of C$2,265,804
- The offering consisted of 7,080,638 units priced at $0.32 per unit
- Proceeds will be used primarily for exploration activities on the Toogood Project in Newfoundland
- Ethos Gold Corp is a Canada-based exploration company
- Ethos Gold Corp. (ECC) opened trading at C$0.42 per share
Ethos Gold (ECC) has closed its non-brokered private placement of units raising gross proceeds of C$2,265,804.
The offering consisted of 7,080,638 units priced at $0.32 per unit. Each unit consists of one common share and one half of one common share purchase warrant. Each whole purchase warrant can be exercised for one common share at a price of $0.45 for a period of two years.
Proceeds will be used for exploration activities on the Toogood Project in Newfoundland and for general working capital.
The placement is subject to the final acceptance of the TSXV and all securities issued are subject to a 4-month hold period expiring on December 7, 2021.
Ethos Gold paid finder’s fees of 250,000 units.
Ethos Gold Corp. is a Canada-based exploration company with a portfolio of district-scale projects in British Columbia, Ontario, Quebec, and Newfoundland that have large-scale discovery potential.
Ethos Gold Corp. (ECC) opened trading at C$0.42 per share.