Past year: ▼ 82%(3.28c – 18.1c USD)
Each one in plain English, with the numbers worked through for a shareholder.
28 Feb 2017capital raising announcement▲ Good
Enertopia engaged Adam Mogil for corporate services (1,000,000 warrants at $0.09) and closed the final tranche of its January placement (4,250,000 units at CAD$0.04, CAD$170,000), bringing that raise to about CAD$210,000.
31 Jan 2017capital raising announcement● Neutral
Enertopia granted 1,500,000 stock options at $0.07 to service provider Peloton AG, routine equity compensation.
20 Jan 2017capital raising announcement● Neutral
Enertopia granted 1,535,000 stock options at $0.07 to directors and officers (Bhullar, Brown, McAllister) and closed the first tranche of a CAD$40,000 private placement (1,000,000 units at CAD$0.04).
What it means for a shareholder
1.0m new shares at C$0.040 to raise about C$40,000. That's 1.1% dilution: every existing holder's slice gets 1.1% smaller. If you held C$1,000 of shares (25,000 at the issue price), your slice goes from 0.0267% to 0.0264% of the company. To keep it you'd need 267 more shares - about C$11 at the issue price.
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7 Oct 2016capital raising announcement● Neutral
Enertopia made its scheduled six-month anniversary payment to keep its Churchill/Lander/Nye counties Nevada lithium claims option in good standing, routine progress on the May 2016 deal.
23 Sept 2016capital raising announcement▲ Good
Enertopia closed the final tranche of its August offering (3,858,571 units at CAD$0.035, CAD$135,050), bringing the combined raise to roughly CAD$292,550 for lithium exploration and technology work.
What it means for a shareholder
3.9m new shares at C$0.035 to raise about C$135,050. That's 4.1% dilution: every existing holder's slice gets 4.1% smaller. If you held C$1,000 of shares (28,571 at the issue price), your slice goes from 0.0319% to 0.0306% of the company. To keep it you'd need 1,231 more shares - about C$43 at the issue price.
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19 Sept 2016capital raising announcement● Neutral
Enertopia hired IR consultant Duncan McKay (eligible for up to 10% commission on capital raised) and granted him 800,000 stock options at $0.07.
16 Aug 2016capital raising announcement▲ GoodMajor
Enertopia signed a binding letter of intent for exclusive worldwide licensing rights to Genesis Water Technologies' patent-pending process for extracting battery-grade lithium carbonate from brine - the deal it would formalize in December 2016 and terminate in 2018 after the technology failed purity testing.
9 Aug 2016capital raising announcement▲ Good
Enertopia closed the first tranche of a CAD$157,500 private placement (4,500,000 units at CAD$0.035), earmarked for its lithium brine recovery technology and exploration work.
What it means for a shareholder
4.5m new shares at C$0.035 to raise about C$157,500. That's 5.2% dilution: every existing holder's slice gets 5.2% smaller. If you held C$1,000 of shares (28,571 at the issue price), your slice goes from 0.0349% to 0.0331% of the company. To keep it you'd need 1,573 more shares - about C$55 at the issue price.
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8 June 2016capital raising announcement▲ Good
Enertopia closed the final tranche of the same offering (3,016,667 units at CAD$0.015, CAD$45,250), completing a roughly CAD$141,450 raise at penny-stock prices.
What it means for a shareholder
3.0m new shares at C$0.015 to raise about C$45,250. That's 3.6% dilution: every existing holder's slice gets 3.6% smaller. If you held C$1,000 of shares (66,667 at the issue price), your slice goes from 0.0815% to 0.0786% of the company. To keep it you'd need 2,460 more shares - about C$37 at the issue price.
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20 May 2016capital raising announcement▲ Good
Enertopia closed the first tranche of a CAD$96,200 private placement (6,413,333 units at CAD$0.015, near a historic low for the stock) with an officer participating for $15,000.
What it means for a shareholder
6.4m new shares at C$0.015 to raise about C$96,200. That's 8.2% dilution: every existing holder's slice gets 8.2% smaller. If you held C$1,000 of shares (66,667 at the issue price), your slice goes from 0.0931% to 0.0854% of the company. To keep it you'd need 5,971 more shares - about C$90 at the issue price.
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12 May 2016capital raising announcement▲ GoodMajor
Enertopia signed the definitive agreement to option 2,560 acres of Nevada placer mining claims (Churchill, Lander and Nye counties) for its new lithium exploration division, formalizing April's letter of intent: $19,000 cash plus 3,500,000 shares paid on signing, with an optional further $12,000 payment - the position it would let lapse in 2017 to focus on higher-priority Nevada targets.
4 Feb 2016capital raising announcement● Neutral
Enertopia appointed Olivier Vincent as an advisor and consultant, paying 100,000 shares and 100,000 options at $0.05 - the stock now trading at a fraction of its 2014 cannabis-era highs as the company pivoted toward lithium exploration.
12 Mar 2015capital raising announcement● Neutral
Enertopia closed the final tranche of the same offering (590,000 units at CAD$0.06, CAD$35,400), completing a roughly CAD$135,300 raise.
What it means for a shareholder
590,000 new shares at C$0.060 to raise about C$35,400. That's 0.757% dilution: every existing holder's slice gets 0.757% smaller. If you held C$1,000 of shares (16,667 at the issue price), your slice goes from 0.0216% to 0.0214% of the company. To keep it you'd need 127 more shares - about C$8 at the issue price.
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30 Jan 2015capital raising announcement● Neutral
Enertopia closed the first tranche of a modest CAD$99,900 private placement (1,665,000 units at CAD$0.06) - a much smaller raise at a much lower price than its 2014 financings, reflecting the stock's continued decline.
What it means for a shareholder
1.7m new shares at C$0.060 to raise about C$99,900. That's 2.2% dilution: every existing holder's slice gets 2.2% smaller. If you held C$1,000 of shares (16,667 at the issue price), your slice goes from 0.022% to 0.0216% of the company. To keep it you'd need 367 more shares - about C$22 at the issue price.
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18 Nov 2014capital raising announcement● Neutral
Enertopia granted consultant Maureen McGrath 100,000 stock options at $0.10, routine equity compensation.
4 Nov 2014capital raising announcement▼ Bad
Enertopia granted 2,100,000 stock options to its directors, officers and a consultant at $0.10 - a fraction of the roughly $0.70 price options carried a few months earlier, reflecting a sharp decline in the stock since the 2014 cannabis-sector peak.
5 Aug 2014capital raising announcement● Neutral
Enertopia hired IR consultant Neil Blake (CAD$2,500/month) and extended its letter of intent to lease Burlington, Ontario warehouse space from Jeff Paikin's 1475714 Ontario Inc., issuing 118,416 shares as part of the extension.
14 July 2014capital raising announcement▲ GoodMajor
The Lexaria/Enertopia Burlington, Ontario cannabis joint venture received final municipal zoning approval for medical marijuana production under Health Canada's MMPR rules - a real regulatory milestone toward an operating facility - while the company continued issuing milestone shares to its Ontario consulting team.
9 June 2014capital raising announcement● Neutral
Enertopia made its second-quarter Agoracom marketing payment ($12,500) in shares, routine promotional spending.
29 May 2014capital raising announcement▲ GoodMajor
Enertopia and Lexaria Corp signed the definitive joint venture agreement for their Ontario medical marijuana business (Enertopia 51% / Lexaria 49%), formalizing April's letter of intent - the Burlington facility venture.
30 Apr 2014capital raising announcement● Neutral
Enertopia signed one-year Ontario consulting contracts to staff up its planned Burlington cannabis facility - Clark Kent as Media Coordinator, Don Shaxon as Ontario Operations Manager, and a third local firm - each paid partly in shares with further milestone-based share grants available.
17 Apr 2014capital raising announcement▲ Good
Enertopia raised US$118,684 as a director exercised options and holders exercised warrants, routine working-capital cash inflow.
14 Apr 2014capital raising announcement● Neutral
Enertopia appointed Jeff Paikin to its Advisory Board (90,000 shares, milestone-eligible for up to 472,500 more) in connection with securing Ontario premises for its planned cannabis production facility.
10 Apr 2014capital raising announcement▲ GoodMajor
Enertopia signed a letter of intent with Lexaria Corp to jointly develop a Health Canada-licensed medical marijuana production business in Ontario (Enertopia 51% / Lexaria 49%) - a third simultaneous cannabis venture alongside Green Canvas and WOM, which would become the Burlington, Ontario facility.
8 Apr 2014capital raising announcement● Neutral
Enertopia granted consultant Taven White 50,000 stock options at $0.50, routine equity compensation.
3 Apr 2014capital raising announcement● Neutral
Enertopia renewed its Stuart Gray marketing agreement and raised US$177,950 as holders exercised 1,293,500 warrants, at options priced near $0.72 - close to the stock's 2014 peak.
26 Mar 2014capital raising announcement● Neutral
Enertopia appointed cannabis researcher Dr. Robert Melamede to its Advisory Board, paying him in 250,000 shares and options priced at $0.70 - a share price reflecting the stock's run-up during the company's early-2014 cannabis push.
25 Mar 2014capital raising announcement▲ Good
Enertopia raised a further $182,000 as insiders and warrant-holders exercised options and warrants ($67,750 and US$114,250 respectively), continuing the same working-capital cash inflow.
17 Mar 2014capital raising announcement▲ Good
Enertopia raised US$289,475 as holders exercised 1,548,000 warrants from earlier private placements, routine working-capital cash inflow.
14 Mar 2014capital raising announcement● Neutral
Enertopia signed a $21,735 TV/radio marketing contract and raised further cash as insiders and warrant-holders exercised options/warrants for a combined US$170,562, routine working-capital top-ups.
