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Huge news for LXRP thsi mroning! LOI JV with Enertopia

Lexaria and Enertopia Update LOI with Signed Definitive Joint Venture Agreement

Kelowna, BC / ACCESSWIRE / May 29, 2014 / Lexaria Corp. (LXRP-OTCQB) (LXX-CSE) (the "Company" or "Lexaria") announces it has signed the definitive Joint Venture agreement as required in the Letter of Intent that was first announced with Enertopia Corp on April 10, 2014.

The Definitive Joint Venture agreement was contemplated at the time of signing the initial April 10, 2014 Letter of Intent, and governs the procedures and practices by which the marijuana production facility in the Greater Toronto Area will be operated. As previously reported, Lexaria is paying 55% of costs in order to earn a 49% interest in the facility.

The municipal approval process continues to proceed for this facility, located in the Greater Toronto Area. Neither the LOI nor the Definitive Agreement has any bearing or relationship with the newer Eastern Ontario proposed facility announced on May 27, which itself will be owned and operated 100% by Lexaria.

Separately, the Company announces that 50,000 stock options priced at $0.10 have been exercised and Lexaria has received $5,000 in payment.

Read Full: http://finance.yahoo.com/news/lexaria-enertopia-loi-signed-definitive-120000200.html