Company sells units of one share and one warrant at C$0.05 per unit
By Devika Patel
Knoxville, Tenn., Nov. 26 - Enertopia Corp. raised C$136,000 in the first tranche of a private placement of units on Nov. 26, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 600,000 units of one common share and one warrant at C$0.05 per unit in the first tranche.
Each three-year warrant is exercisable at $0.10. The strike price is a 66.67% premium to the Nov. 25 closing share price of $0.06.
Proceeds will be used for general working capital and for the acquisition of a private company for medicinal marijuana.
The Vancouver, B.C., company develops clean energy and clean water technologies and is adding medical marijuana to its projects.
| Issuer: | Enertopia Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$136,000
|
| Units: | 2.72 million
|
| Price: | C$0.05
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike prices: | $0.10
|
| Settlement dates: | Nov. 26
|
| Stock symbol: | OTCBB: ENRT
|
| Stock price: | $0.06 at close Nov. 25
|
| Market capitalization: | $2.09 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
