ENERTOPIA CORP. (OTCMKTS:ENRT) Files An 8-K Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement
Enertopia had signed the Definitive Agreement on May 12,2016 with
the Vendor respecting the option to purchase a 50% interest in
approximately 2,560 acres of placer mining claims in Churchill,
Lander and Nye Counties Nevada, USA. These placer mining claims
are subject to a 1.5% NSR from commercial production with the
Company able to buy back the NSR at the rate of $500,000 per 0.5%
NSR.
On May 8, the Company has decided not to make its final property
payment and the properties will be returned to the Vendor.
Item 7.01 Regulation FD Disclosure.
A copy of the news release announcing the termination agreement
and exploration plan is filed as exhibit 99.1 to this current
report and is hereby incorporated by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
| Exhibit No. | Description |
| 10.1 | Termination of Agreement dated May 8, 2017 |
| 99.1 | Press Release dated May 8, 2017 |
About ENERTOPIA CORP. (OTCMKTS:ENRT)
Enertopia Corp. is a development-stage company. The Company is engaged in pursuing business opportunities in various sectors natural resource and technology used in the resource sector. The Company operates through two segments: alternative health and wellness, and natural resource acquisitions. The Company focuses on a technology used for lithium extraction through brines. The Company was a natural resource company and was engaged in the exploration, development and acquisition of natural resources in the United States and Canada. ENERTOPIA CORP. (OTCMKTS:ENRT) Recent Trading Information
ENERTOPIA CORP. (OTCMKTS:ENRT) closed its last trading session down -0.0181 at 0.0650 with 156,104 shares trading hands.
