marijuana stocks news

Form 8-K for ENERTOPIA CORP.


8-Jun-2016

Unregistered Sale of Equity Securities, Regulation FD Disclosure, Financial State

Item 3.02 Unregistered Sales of Equity SecuritiesOn June 8, 2016, Enertopia closed the final tranche of a private placement of 3,016,667 units at a price of CAD$0.015 per unit for gross proceeds of US$34,390, CAD$45,250. Each Unit consists of one common share of the Company and full non-transferable Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable into one further Share (a “Warrant Share”) at a price of US$0.05 per Warrant Share at any time until the close of business on the day which is 18 months from the date of issue of the Warrant, and thereafter at a price of US$0.10 per Warrant Share at any time until the close of business on the day which is 36 months from the date of issue of the Warrant.

A cash finders’ fee in total for CAD$3,300 and 286,666 full broker warrants that expire on June 8, 2019 at a price of US$0.05 per Warrant Share at any time until the close of business on the day which is 18 months from the date of issue of the Warrant, and thereafter at a price of US$0.10 per Warrant Share at any time until the close of business on the day which is 36 months from the date of issue of the Warrant was paid to Haywood Securities and Canaccord Genuity.

Proceeds of the private placement will be used for general working capital and for corporate opportunities in the resource industry.

The Company issued the units twenty (20) non-US persons in an off-shore transaction pursuant to the exemption from registration provided for under Regulation S, promulgated under the United States Securities Act of 1933, as amended. Each of the subscribers represented that they were not a “US person” as such term is defined in Regulation S.

The securities referred to herein will not be and 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.

 

Item 7.01 Regulation FD Disclosure.A copy of the news release announcing closing of the private placement is filed as exhibit 99.1 to this current report and is hereby incorporated by reference.

 

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.(d) Exhibits.

Exhibit No.                                                                                  Description
   10.1       Form of Subscription Agreement (1) for Private Placement closed on June 8, 2016
   10.2       Form of Warrant Agreements (1) dated June 8, 2016
   10.3       Form of Broker Warrant Agreement (1) dated June 8, 2016
   99.1       Press Release announcing closing of Private Placement

 


MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Innovative Industrial Properties, Inc. (IIPR) Announces Public Offering of 2,000,000 Shares of Common Stock

Innovative Industrial Properties Announces Public Offering of 2,000,000 Shares of Common Stock…

 Novus Acquisition and Development, Corp. (NDEV) MedPlan Reports 2019 Earnings Results

Novus Cannabis MedPlan Reports 2019 Earnings Results  Novus Acquisition and Development, Corp.…

Charlotte’s Web Holdings, Inc. (CWBHF) Hemp CBD Topical Products Expanding to 1,350 Kroger Stores Across 22 States

Charlotte’s Web Hemp CBD Topical Products Expanding to 1,350 Kroger Stores Across…

MariMed Inc. (MRMD) Announces Management Change and Third Quarter 2023 Earnings Date

MariMed Announces Management Change and Third Quarter 2023 Earnings Date MariMed Inc. …