Form 8-K for ENERTOPIA CORP.
19-Sep-2016
Unregistered Sale of Equity Securities, Regulation FD Disclosure, Financial State
Item 3.02 Unregistered Sales of Equity SecuritiesOn September 19, 2016, the Company entered into a one year Investor Relations Consulting agreement with Duncan McKay. Based on the terms of the agreement, Mr. McKay can earn up to a maximum of 10% commissions on capital raised. The Company issued 800,000 stock options with an exercise price of $0.07.
The Company issued 800,000 stock options. On July 15, 2014, the Company had adopted the 2014 Stock Option Plan. Based on this original Stock Option Plan, on September 19, 2016, the Company has granted 80,000 stock options to Duncan McKay. The exercise price of the stock options is $0.07, vested immediately, expiring September 19, 2021.
Name and Position Amount of stock options grant Duncan McKay 800,000
Item 7.01 Regulation FD Disclosure.A copy of the news release announcing the agreement and options grant 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 Stock Option Agreement 10.2 Investor Relations Consulting Agreement dated September 19, 2016 99.1 Press Release dated September 19, 2016 |
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