Enertopia closes $290K private placement

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By CPE News

Vancouver (pcJ News Briefs) – Enertopia Corporation (CSE: TOP; OTCQB: ENRT and CSE: TOP) has completed final tranche of previously announced private placement, issuing 3,224,000 units at $0.09 per unit for $290,160.

Each unit consists of one common share and one share purchase warrant entitling the holder to acquire an additional common share at an exercise price of US $0.12 during the 24 month period.

A cash finders fee for $20,736 and 230,400 full broker warrants was paid to third parties. All full broker warrants expire on April 28, 2019 with the same exercise terms as noted above.

“We are working aggressively at mapping out the next steps for Phase two bench testing with our Technology partner Genesis Water Technologies (GWT) as we focus to achieve battery grade lithium carbonate product. We expect to have news out shortly on project advancements and property updates,” stated President and CEO, Robert McAllister.

Enertopia has also received $11,655 from the exercise of warrants previously granted.

Proceeds will be used for continued Lithium Brine division development, general working capital and other opportunities.

Enertopia is exploring a portfolio of three prospective lithium projects in Nevada and reviewing other mineral projects, while concurrently working with water purification technology partner GWT using patent pending technology that is believed able to recover Lithium from brine solutions.

photo credit: Enertopia