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.
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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".
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