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.
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.
