Press Release #201622
FOR IMMEDIATE RELEASE September 23, 2016
Enertopia Closes
Financing
Vancouver, BC -- September 23, 2016 -- InvestorsHub NewsWire --
Enertopia Corporation (ENRT) on the OTCBB and (TOP) on the CSE (the
"Company" or "Enertopia") is pleased to announce it has closed the
final tranche of its recent financing in the amount of CAD$135,050
for its Private Placement announced on August 8, 2016. Enertopia
will be issuing 3,858,571 common shares at CAD$0.035 and 3,858,571
whole warrants that expire on September 23, 2018 with an exercise
price of US$0.07 during the 24 month term.
A cash finders fee for $4,830 and 138,000 full broker warrants
that expire on September 23, 2018 with the same exercise terms as
noted above was paid to arms length parties.
Proceeds of the Private Placement will be used for developing
the Lithium Brine division projects and technology and general
working capital.
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. 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.
About Enertopia Corp:
Enertopia is exploring a portfolio of three prospective lithium
projects in Nevada, and concurrently working with water
purification technology that is believed to be able to recover
Lithium from brine solutions.
Enertopias shares are quoted in Canada with symbol TOP and in
the United States with symbol ENRT. For additional information,
please visit www.enertopia.com or call Robert McAllister, the
President at 1.250.765.6412
This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Statements which are not historical facts are forward-looking
statements. The Company makes forward-looking public statements
concerning its expected future financial position, results of
operations, cash flows, financing plans, business strategy,
products and services, potential and financing of its health and
wellness, mining projects, competitive positions, growth
opportunities, plans and objectives of management for future
operations, including statements that include words such as
"anticipate," "if," "believe," "plan," "estimate," "expect,"
"intend," "may," "could," "should," "will," and other similar
expressions that are forward-looking statements. Such
forward-looking statements are estimates reflecting the Company's
best judgment based upon current information and involve a number
of risks and uncertainties, and there can be no assurance that
other factors will not affect the accuracy of such forward-looking
statements., foreign exchange and other financial markets; changes
of the interest rates on borrowings; hedging activities; changes in
commodity prices; changes in the investments and expenditure
levels; litigation; legislation; environmental, judicial,
regulatory, political and competitive developments in areas in
which Enertopia Corporation operates. There can be
no assurance that the funds raised will have any positive impact on
Enertopia. There can be no assurance of 3rd party exploration will
have a positive effect on the Company or the Company will find
economic Lithium concentrations on the Companys project lands, that
the lithium recovery will be economic. The User should refer to the
risk disclosures set out in the periodic reports and other
disclosure documents filed by Enertopia Corporation from time to
time with regulatory authorities.
The CSE has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release