Enertopia Provides Corporate
Update
Kelowna, BC -- March 27, 2019 --
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 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.
Testing
Update:
The
Company is well into its systematic and
complete solution
testing
of the drilled
lithium
enriched horizons. This will enable
the Company to map out
the
subsurface horizons as per oxide and reduced horizons and further
differentiate the grade of Lithium in the synthetic
solution
that can be potentially recovered in a low CAPEX
mining
and processing scenario.
"We look forward to
providing detailed
updates
as testing results are received over the coming weeks and
months."
Stated President and CEO Robert McAllister
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.
About
Enertopia:
A Company
focused on using modern technology to build shareholder
value.
Enertopia
is
working to establish a lithium resource and at the same time
working on extracting Lithium from its synthetic brine solutions by
using industry leading proven technology.
Enertopia
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
1.250.870.2219
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
or technology projects, 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 in 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 a lithium resource
will be outlined at the Clayton Valley, NV project or
the
bench
testing for the brine recovery system
will be effective for the recovery of Lithium and if effective will
be economic or have any positive impact on Enertopia.
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
Enertopia (CSE:TOP)
過去 株価チャート
から 12 2024 まで 1 2025
Enertopia (CSE:TOP)
過去 株価チャート
から 1 2024 まで 1 2025