Enertopia Corp (ENRT)

[Screech691]

$ENRT big financing closed!

Enertopia Closes First Tranche of Financing 
Vancouver, BCâ??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$40,000 for its Private Placement announced on December 5, 2016.  Enertopia will be issuing 1,000,000 common shares at CAD$0.04 and 1,000,000 whole warrants that expire on January 20, 2019 with an exercise price of USD $0.06 during the 24 month period.
The CEO of Enertopia participated for CAD $20,000 of the first tranche financing. Funds raised will be used for advancing the companyâ??s lithium business and G&A. 
A cash finderâ??s fee for CAD $800.00 and 20,000 full broker warrants that expire on January 20, 2019 with  the same exercise terms as noted above was paid to armâ??s length parties 
â??While we wait for the bench test results, we are working aggressively at mapping out the next steps for project advancements and potential property acquisitions.â? Stated President and CEO Robert McAllister
The Company also announces that a total of 1,535,000 stock options have been granted to Officers, Directors and Consultants at an exercise price of USD $0.07 per share.
 
 
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, 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

#lithium #brine #mining