Enertopia Closes First Tranche of Financing
Enertopia Corporation (OTCQB: ENRT) has closed the first tranche of its Private Placement, raising CAD $104,000. The company is issuing 1,040,000 Units, each consisting of one common share at CAD $0.10 and one whole warrant. The warrants expire on May 8, 2027, with a USD $0.10 exercise price. A company Director purchased 500,000 Units for CAD $50,000. The company paid CAD $2,400 in finder's fees and issued 74,000 broker warrants. The funds will support patent technology advancement and working capital needs.
Enertopia Corporation (OTCQB: ENRT) ha completato la prima tranche della sua Private Placement, raccogliendo 104.000 CAD. L'azienda emette 1.040.000 unità, ciascuna composta da una azione ordinaria al prezzo di 0,10 CAD e da un warrant completo. I warrant scadono l'8 maggio 2027, con un prezzo di esercizio di 0,10 USD. Un Direttore della società ha acquistato 500.000 unità per 50.000 CAD. La società ha pagato 2.400 CAD in commissioni di intermediazione e ha emesso 74.000 warrant per broker. I fondi verranno utilizzati per avanzare la tecnologia brevettata e per esigenze di capitale circolante.
Enertopia Corporation (OTCQB: ENRT) ha cerrado la primera tranche de su colocación privada, recaudando 104,000 CAD. La compañía está emitiendo 1,040,000 unidades, cada una compuesta por una acción común a 0,10 CAD y un warrant completo. Los warrants expiran el 8 de mayo de 2027, con un precio de ejercicio de 0,10 USD. Un Director de la empresa compró 500,000 unidades por 50,000 CAD. La compañía pagó 2,400 CAD en comisiones de intermediación y emitió 74,000 warrants para corredores. Los fondos se destinarán a avanzar en la tecnología patentada y a las necesidades de capital de trabajo.
Enertopia Corporation (OTCQB: ENRT)가 프라이빗 플레이스먼트의 첫 번째 트랜치를 마감하며 104,000 CAD를 조달했습니다. 회사는 각 단위가 0.10 CAD의 보통주 1주와 완전 워런트 1개로 구성된 1,040,000 단위를 발행합니다. 워런트는 2027년 5월 8일에 만료되며 행사가격은 0.10 USD입니다. 회사 이사 한 명이 500,000 단위를 50,000 CAD에 구매했습니다. 회사는 중개 수수료로 2,400 CAD를 지급하고 74,000개의 중개인 워런트를 발행했습니다. 자금은 특허 기술 발전과 운전자본 필요에 사용될 예정입니다.
Enertopia Corporation (OTCQB : ENRT) a clôturé la première tranche de son placement privé, levant 104 000 CAD. La société émet 1 040 000 unités, chacune composée d'une action ordinaire à 0,10 CAD et d'un warrant complet. Les warrants expirent le 8 mai 2027, avec un prix d'exercice de 0,10 USD. Un administrateur de la société a acheté 500 000 unités pour 50 000 CAD. La société a payé 2 400 CAD en frais d'intermédiation et a émis 74 000 warrants pour courtiers. Les fonds serviront à soutenir l'avancement de la technologie brevetée et les besoins en fonds de roulement.
Enertopia Corporation (OTCQB: ENRT) hat die erste Tranche seiner Privatplatzierung abgeschlossen und dabei 104.000 CAD eingenommen. Das Unternehmen gibt 1.040.000 Einheiten aus, die jeweils aus einer Stammaktie zu 0,10 CAD und einem vollständigen Warrant bestehen. Die Warrants laufen am 8. Mai 2027 ab und haben einen Ausübungspreis von 0,10 USD. Ein Unternehmensdirektor kaufte 500.000 Einheiten für 50.000 CAD. Das Unternehmen zahlte 2.400 CAD an Vermittlungsgebühren und gab 74.000 Broker-Warrants aus. Die Mittel werden zur Weiterentwicklung der patentierten Technologie und zur Deckung des Betriebskapitals verwendet.
- None.
- Dilution of existing shareholders through new share issuance
- Small financing amount may indicate limited investor interest
- Additional financing may be needed as this is only first tranche
Kelowna, British Columbia--(Newsfile Corp. - May 8, 2025) - Enertopia Corporation (OTCQB: ENRT) (CSE: ENRT) ("Enertopia'' or the "Company") is pleased to announce it has closed the first tranche of CAD
The Company reports one Director purchased 500,000 Units of the above first tranche for proceeds of CAD
A cash finder's fee for CAD
"We are working aggressively at mapping out the next steps for advancements in patented clean energy technologies and our patent pending oxyhydrogen technology." Stated President and CEO Robert McAllister
The common shares and warrants will be subject to a four month hold period under applicable securities laws in Canada and the rules of the Canadian Securities Exchange (the "Exchange"). The Offering is subject to customary regulatory approvals, including the approval of the Exchange.
Proceeds of the Private Placement will be used for continued patent and patent pending technology advancement and general working capital. The Private Placement will be subject to normal regulatory approvals.
The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
About Enertopia Corp.
Enertopia Corp. defines itself as an Energy Solutions Company focused on modern technology through a combination of our intellectual property patents in green technologies to build shareholder value.
For further information, please contact:
Enertopia Corporation
Robert McAllister, CEO
Tel: 1-888-ENRT201
www.enertopia.com
Renmark Financial Communications Inc.
Preston Conable: pconable@renmarkfinancial.com
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, potential and financing of its, mining projects, 3rd party lithium technology, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions that are forward-looking statements. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements., foreign exchange and other financial markets; changes of the interest rates on borrowings; hedging activities; changes in commodity prices; changes in the investments and expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Enertopia Corporation operates. There can be no assurance that the current patented or patent pending technology being used or developed will be economic or have any positive impact on Enertopia. There can be no assurance that the financing will close and if closed will have any positive impact on Enertopia. The User should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Enertopia Corporation from time to time with regulatory authorities.
Neither the OTC Markets and the CSE Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined, in the policies of the CSE Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251183
FAQ
How much did Enertopia (ENRT) raise in their first tranche of financing?
What are the terms of ENRT's warrant offering in May 2025?
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What will Enertopia (ENRT) use the proceeds from the 2025 Private Placement for?
