Enertopia Corporation (CNSX:TOP; OTCQB:ENRT) has closed the final tranche of $148,200 for its private placement announced on April 16, 2018.
Enertopia Corporation (CNSX:TOP; OTCQB:ENRT) has closed the final tranche of $148,200 for its private placement announced on April 16, 2018. Enertopia will be issuing 2.47 million common shares at six cents and 2.47 million whole warrants that expire on May 25, 2020, with an exercise price of 7.5 U.S. cents during the 24-month exercise period.
Cash finders’ fees of $5,820 and 70,000 full brokers warrants were paid to third parties. All brokers warrants expire on May 25, 2020, with the same exercise terms as noted above.
All issued shares will be subject to a hold period, for any resale into the United States under Rule 144, of six months and one day. Proceeds of the private placement will be used for continued lithium brine division development, project development and general working capital. The private placement will be subject to normal regulatory approvals.
About Enertopia Corp.
Enertopia is focused on using modern technology to build shareholder value. The company is working closely with Genesis Water Technologies on an exclusive process (Enerlet) to recover and produce battery-grade lithium from material currently sourced from the company’s Clayton Valley lithium project.
We seek Safe Harbor.