Proactive Investors - Run By Investors For Investors

Enertopia closes first tranche from private placement to raise C$132,000

Proceeds from the private placement will be used for Lithium brine division development
lithium batteries
Enertopia is issuing 4,400,000 shares at C$0.03

The battery-grade lithium producer Enertopia Corp (CSE:TOP, OTCQB:ENRT) has closed the first tranche worth C$132,000 from a private placement.

The company will be issuing 4,400,000 common shares at C$0.03 and 4,400,000 whole warrants that expire on August 31, 2021 and can be exercised at US$0.05.

Its CEO Robert McAllister purchased 400,000 shares as part of the offering and additionally exercised 50,000 options at US$0.06 and 120,000 options at US$0.05 for proceeds of US$9,000 to the company.

Proceeds from the fundraising will be used for Lithium brine division development, project development and general working capital.

Based in Kelowna, British Columbia, Enertopia is an exploration and development company, which is taking advantage of technology to produce battery-grade lithium.


View full TOP profile View Profile

Enertopia Corp Timeline

Related Articles

November 27 2018
The company is successfully advancing its exciting Pastos Grandes project towards production
October 17 2018
The newly-discovered prospective areas represent a 24% increase in the company's total potential surface brine coverage bringing it to about 7,800 hectares.
August 02 2018
Neo Lithium has one of the highest grade, lowest impurity lithium projects in the world
Copyright ©, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use