Enertopia Corp (ENRT)

[JoJo 1973]

Taken from the form 10 regarding Green canvas "If a license is obtained by February 28, 2015, we will be responsible to pay to the GCL $250,000 and 3,000,000 common shares by February 28, 2015 in consideration of an additional 2% interest in the joint venture"



Enertopia Announces Intention to Complete a $300,000 Financing

November 3, 2014

Vancouver, BC—Enertopia Corporation (TOP) (the "Company" or "Enertopia") announces its intention to complete a non-brokered private placement financing, consisting of 5,000,000 units at $0.06 per unit (each, a “Unit”), to raise gross proceeds of up to CDN $300,000 (the "Private Placement").

Each Unit will consist of one common share of the Company and one (1) non-transferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of the Company (a “PP Warrant Share”) for a period of three years from the date of issuance, at a purchase price of US$0.10 per PP Warrant Share before the second anniversary and US$0.15 per PP Warrant Share after the second anniversary. Funds raised from the sale of the Units will be used for corporate development in the Medical Marijuana business and G&A.

Seems like they are raising the money because they anticipate a license is coming in Feb !!

GO GO ENRT......