Enertopia Announces Close of
Financing
Vancouver, BC -- April 28, 2017 -- InvestorsHub NewsWire --
Enertopia Corporation (ENRT) on the OTCQB and (TOP) on the CSE (the
"Company" or "Enertopia") is pleased to announce it has closed the
final tranche of CAD$290,160 for its Private Placement announced on
March 17, 2017. Enertopia will be issuing 3,224,000 common shares
at CAD$0.09 and 3,224,000 whole warrants that expire on April 28,
2019 with an exercise price of USD $0.12 during the 24 month
period.
A cash finders fee for CAD $20,736 and 230,400 full broker
warrants was paid to third parties. All full broker warrants expire
on April 28, 2019 with the same exercise terms as noted above.
We are working aggressively at mapping out the next steps for
Phase two bench testing with our Technology partner Genesis Water
Technologies (GWT) as we focus to achieve battery grade Lithium
carbonate product. We expect to have news out shortly on project
advancements and property updates. Stated President and CEO Robert
McAllister
The Company announces it has received $11,655 from the exercise
of warrants previously granted. The warrants were exercised at
US$0.07 for a total of 166,500 common shares being issued. All
warrants are being exercised by third parties who are neither
officers nor directors of the Company. No commissions or placement
fees have been paid related to the funds received from this warrant
exercise. Proceeds will be used for general corporate purposes.
Proceeds of the Private Placement will be used for continued
Lithium Brine division development, general working capital and
other opportunities. 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
Enertopia is exploring a portfolio of three prospective lithium
projects in Nevada and reviewing other mineral projects, while
concurrently working with water purification technology partner GWT
using patent pending technology that is believed 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, mining
projects, Lithium brine recovery technology, 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 is no assurance that the current bench test will
be successful and other projects will be acquired. 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