Ethos Gold Corp. and Zootly, LLC Terminate Proposed Business Combination
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 23, 2015) - Ethos Gold Corp. ("Ethos") (TSX VENTURE:ECC) announces that the non-binding Letter of Intent entered into with Zootly, LLC, as previously announced on October 27, 2015, has terminated.
Both parties have determined that their individual requirements for committing to a binding agreement could not be met and consequently they have agreed not to execute a definitive agreement thereby releasing them to pursue other opportunities.
Ethos has confirmed with the TSX Venture Exchange that, with this announcement having been made, trading in Ethos shares will resume at the open of the trading day on Wednesday, November 25, 2015.
About Ethos Gold Corp.:
Ethos has approximately 43.5 million shares issued and outstanding and $8 million in working capital and is actively seeking business opportunities in favorable jurisdictions.
ON BEHALF OF ETHOS GOLD CORP.
Gary Freeman, Chairman of the Board of Directors
Neither 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.
Contact
Ethos Gold Corp.
Gary Freeman
Chairman of the Board of Directors
+1 (604) 682-4750
www.ethosgold.com