leadf
logo-loader
viewEnertopia Corp

Enertopia Corp shares set to delist from the Canadian Securities Exchange; still mulling options

The delisting is subject to final approval by the CSE and it will continue to be a reporting issuer in certain jurisdictions in Canada and USA

Enertopia Corp -
"The company is continuing to explore strategic alternatives which may include without limitation the sale of the company or merger or other business combinations such as joint ventures or other strategic alliances," the firm added

Enertopia Corporation (CSE:TOP) (OTCMKTS:ENRT), the lithium-focused resource group, said its shares will be delisted from the CSE with effect from tomorrow (December 31) as it mulls various options and alternatives to expand the business. 

The delisting is subject to final approval by the CSE, the firm said, adding it will continue to be a reporting issuer in certain jurisdictions in Canada and USA and shares will continue to trade on the OTC under the ENRT symbol.

"The company is continuing to explore strategic alternatives which may include without limitation the sale of the company or merger or other business combinations such as joint ventures or other strategic alliances," it added in Monday's statement.

READ: Enertopia sees letter of intent for Pine Channel gold project expire, still exploring strategic alternatives

Enertopia's Clayton Valley property in Nevada is in good standing, it added, and the group will continue to work on further solution testing as funds allow.

"The company has not established a definitive timeline to complete its review and no decision on any particular alternative has been reached at this time. There can be no assurance that this process will result in the successful conclusion of any specific transaction," added Enertopia.

Directors Kristian Ross and director Kevin Brown are resigning, the firm also revealed, as it thanked them for their "hard work in trying to move the company forward during the brutal financing period over the past two years".

Contact the author at giles@proactiveinvestors.com

Quick facts: Enertopia Corp

Price: 0.033 USD

PINK:ENRT
Market: PINK
Market Cap: $4.24 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Enertopia Corp named herein, including the promotion by the Company of Enertopia Corp in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Full interview: Entertopia Corp releases initial maiden resource on Lithium...

Enertopia Corp (OTC: ENRT) President and CEO Robert McAllister joined Steve Darling from Proactive to discuss the company releasing their maiden 43-101 resource estimate for the Clayton Valley Lithium Project. McAllister talks through the numbers and what ppm cut-off the company...

on 3/4/20

2 min read