ENERTOPIA CORP. (OTCMKTS:ENRT) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02
On March 27, 2019, Enertopia Corp. (“Enertopia” or the “Company”) announced that it has closed the first tranche of CAD $143,175.99 from a Private Placement. Enertopia will be issuing 5,506,769 common shares at CAD$0.026 and 5,506,769 whole warrants that expire on March 27, 2023, with an exercise price of USD $0.04 during the four-year period.
A cash finder’s fees for CAD $13,067.60 and 502,600 full broker warrants were paid to third parties. All full broker warrants expire on March 27, 2023, 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.
The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
| Item 7.01 | Regulation FD Disclosure |
A copy of the news release announcing that Enertopia has closed the first tranche of CAD $143,175.99 for its Private Placement is filed as exhibit 99.1 to this current report and is hereby incorporated by reference.
Enertopia Corp. Exhibit
EX-99.1 2 exhibit99-1.htm EXHIBIT 99.1 Enertopia Corporation: Exhibit 99.1 – Filed by newsfilecorp.com Exhibit 99.1 Press Release #201905 FOR IMMEDIATE RELEASE March 27,…
To view the full exhibit click here
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.
