Past year: ▼ 82%(3.28c – 18.1c USD)
Each one in plain English, with the numbers worked through for a shareholder.
28 Feb 2014capital raising announcement● Neutral
An amendment restating the Green Canvas joint venture terms in full: $100,000 already paid on the letter of intent, then 10 million Enertopia shares and $500,000 cash - $113,400 of which goes to Wolverton Securities as a finder's fee - to vest the first 49% of the medical marijuana business, on the way to 75%.
28 Feb 2014capital raising announcement▲ GoodMajor
Enertopia signed the definitive joint venture agreement to acquire up to 75% of Green Canvas Ltd.'s medical marijuana business, formalizing February's letter of intent (the $100,000 LOI payment already made) with a staged path to a 49% initial stake - its second simultaneous cannabis venture alongside WOM.
27 Feb 2014capital raising announcement● Neutral
Enertopia signed a $50,000 marketing agreement with Agoracom, paid in shares, routine promotional spending.
13 Feb 2014capital raising announcement▲ GoodMajor
Enertopia closed the final tranche of its January private placement (12,938,000 units at US$0.10, US$1,293,800), bringing the combined raise to roughly US$1.7 million with a director and officer participating for $30,000 - substantial financing behind its early-2014 cannabis, vaporizer and mining pushes.
What it means for a shareholder
12.9m new shares at US$0.100 to raise about US$1.3m. That's 22% dilution: every existing holder's slice gets 22% smaller. If you held US$1,000 of shares (10,000 at the issue price), your slice goes from 0.0215% to 0.0168% of the company. To keep it you'd need 2,776 more shares - about US$278 at the issue price.
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5 Feb 2014capital raising announcement● Neutral
Enertopia paid new advisor Ryan Foster a $1,000 honorarium and granted him 50,000 stock options at $0.35, routine advisor compensation.
31 Jan 2014capital raising announcement● Neutral
Enertopia raised CAD$40,500 as insiders exercised 350,000 stock options at $0.075-$0.15, a small non-dilutive-relative cash inflow for working capital.
31 Jan 2014capital raising announcement▲ Good
Enertopia closed the first tranche of a US$429,200 private placement (4,292,000 units at US$0.10), confirming its shares now trade on the Canadian Securities Exchange under symbol TOP - funding its simultaneous cannabis, vaporizer and mining ventures.
What it means for a shareholder
4.3m new shares at US$0.100 to raise about US$429,200. That's 8.4% dilution: every existing holder's slice gets 8.4% smaller. If you held US$1,000 of shares (10,000 at the issue price), your slice goes from 0.0215% to 0.0196% of the company. To keep it you'd need 921 more shares - about US$92 at the issue price.
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16 Jan 2014capital raising announcement▲ GoodMajor
Enertopia signed a definitive joint venture agreement to acquire 51% of World of Marihuana Productions Ltd. (WOM), formalizing November's letter of intent for the Mission, BC cannabis license business - the venture it would unwind in October 2014 when WOM's shares were returned to treasury.
13 Jan 2014capital raising announcement● Neutral
Enertopia hired Don Shaxon for corporate development (250,000 signing shares, a $37,500 bonus and $3,500/month plus 250,000 options) - the same Shaxon relationship that would later see his company Shaxon Enterprises buy Enertopia's Burlington cannabis license interest in 2015.
2 Jan 2014capital raising announcement● Neutral
Enertopia hired a social-media/web marketing consultant (Stuart Gray) for $5,000/month plus 200,000 stock options, routine IR spending.
23 Dec 2013capital raising announcement▲ Good
Enertopia closed a further CAD$126,400 private placement tranche (2,528,000 units at CAD$0.05) through Canaccord Genuity and Wolverton Securities, again to fund working capital and its medical-marijuana acquisition push.
26 Nov 2013capital raising announcement▲ Good
Enertopia closed the first tranche of a CAD$136,000 private placement (2,720,000 units at CAD$0.05), with proceeds earmarked for working capital and its pending medical-marijuana acquisition.
18 Nov 2013capital raising announcement● Neutral
Enertopia granted 25,000 options to director Barbara Farr and hired IR firm Coal Harbour Communications for a one-time payment of 200,000 restricted shares, routine investor-relations spending.
7 Nov 2013capital raising announcement● Neutral
Enertopia granted 675,000 stock options at $0.06 to directors, officers and a consultant (McAllister, Bhullar and others), routine equity compensation.
4 Nov 2013capital raising announcement▲ GoodMajor
Enertopia signed a non-binding letter of intent to buy 51% of 0984329 BC Ltd., which operates a medical marijuana facility in Mission, BC - its first step toward what would become the World of Marihuana Productions (WOM) cannabis venture formalized two months later.
4 Oct 2013capital raising announcement● Neutral
Enertopia hired Olibri Acquisitions to source oil and gas acquisition targets, paying 750,000 shares to its principal Stewart Briggs Smith - business-development spending tied to the Downhole Energy oil push.
19 Sept 2013capital raising announcement▲ GoodMajor
Enertopia signed an AMI participation agreement with Downhole Energy LLC to fund and share in up to 100 oil wells on 2,924 acres of historic Pennsylvania leases (Forest/Venango counties), issuing 100,000 shares to Downhole - a new push back into conventional oil and gas drilling alongside the company's other 2013 ventures.
1 Mar 2013capital raising announcement● Neutral
Enertopia settled two long-standing consulting debts in kind: $16,000 owed to Chief Technical Officer Mark Snyder paid via 160,000 shares, and $42,000 owed to Snyder settled by transferring 1.72% of the company's own equity stake in Global Solar Water Power Systems back to him.
16 Nov 2012capital raising announcement● Neutral
Enertopia closed another tranche of its 2012 offering (1,013,000 units at CAD$0.05, CAD$50,650) through Canaccord Genuity, for working capital and exploration funding.
What it means for a shareholder
1.0m new shares at C$0.050 to raise about C$50,650. That's 3.5% dilution: every existing holder's slice gets 3.5% smaller. If you held C$1,000 of shares (20,000 at the issue price), your slice goes from 0.0719% to 0.0693% of the company. To keep it you'd need 728 more shares - about C$36 at the issue price.
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24 Oct 2012capital raising announcement● Neutral
Enertopia made its first annual payment on the Altar Resources Arizona option - $40,500 cash plus 100,000 shares - keeping the Mildred Peak claims (now described as 7,148 acres) in good standing.
28 Sept 2012capital raising announcement● Neutral
Enertopia closed a third small tranche of its ongoing offering (995,000 units at CAD$0.05, CAD$49,750) for working capital and mineral property payments.
What it means for a shareholder
995,000 new shares at C$0.050 to raise about C$49,750. That's 3.5% dilution: every existing holder's slice gets 3.5% smaller. If you held C$1,000 of shares (20,000 at the issue price), your slice goes from 0.0719% to 0.0694% of the company. To keep it you'd need 715 more shares - about C$36 at the issue price.
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27 Aug 2012capital raising announcement● Neutral
Enertopia closed the second tranche of the same offering (160,000 units at CAD$0.05 for CAD$8,000), completing a modest CAD$38,000 total raise for working capital and mineral property payments.
What it means for a shareholder
160,000 new shares at C$0.050 to raise about C$8,000. That's 0.588% dilution: every existing holder's slice gets 0.588% smaller. If you held C$1,000 of shares (20,000 at the issue price), your slice goes from 0.0739% to 0.0735% of the company. To keep it you'd need 118 more shares - about C$6 at the issue price.
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30 July 2012capital raising announcement● Neutral
Enertopia closed the first tranche of a small CAD$30,000 private placement (600,000 units at CAD$0.05), with its President and CEO themselves participating for $15,000 combined - insiders backstopping a thin raise.
What it means for a shareholder
600,000 new shares at C$0.050 to raise about C$30,000. That's 2.2% dilution: every existing holder's slice gets 2.2% smaller. If you held C$1,000 of shares (20,000 at the issue price), your slice goes from 0.0739% to 0.0723% of the company. To keep it you'd need 443 more shares - about C$22 at the issue price.
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16 Apr 2012capital raising announcement▲ Good
Enertopia closed a CAD$208,000 private placement (2,080,000 units at CAD$0.10 with attached warrants) through Canaccord Genuity, proceeds earmarked for working capital, mineral property payments and exploration.
What it means for a shareholder
2.1m new shares at C$0.100 to raise about C$208,000. That's 7.8% dilution: every existing holder's slice gets 7.8% smaller. If you held C$1,000 of shares (10,000 at the issue price), your slice goes from 0.0404% to 0.0373% of the company. To keep it you'd need 841 more shares - about C$84 at the issue price.
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11 Apr 2012capital raising announcement● Neutral
Enertopia settled a further US$9,375 consulting debt to Tom Ihrke by issuing 93,750 shares at $0.10 and granted additional stock options, continuing its stock-for-services pattern.
15 Nov 2011capital raising announcement● Neutral
Enertopia hired IR firm Trident Financial (CAD$6,000/month for three months) and granted it 40,000 stock options, routine investor-relations spending.
11 Oct 2011capital raising announcement▲ GoodMajor
Enertopia signed the definitive option agreement with Altar Resources to earn up to 100% of 6,220 acres of Arizona mining claims (subject to a 2.5% royalty), paying $56,000 upfront and issuing 100,000 shares, with aggregate payments of $881,000 cash plus 1,000,000 shares due over five years - the Mildred Peak project first announced as a letter of intent in July, which it would terminate in 2013.
3 Oct 2011capital raising announcement● Neutral
Enertopia hired IR consultant Peter Grandich (US$7,500 for the first three months, then US$2,500/month) and granted him 200,000 stock options, routine investor-relations spending.
28 Apr 2011capital raising announcement▲ GoodMajor
Enertopia wiped out most of its insider debt in one move: 0743608 BC Ltd forgave US$84,657 outright, CAB Financial Services took 360,000 shares at $0.25 for its US$90,000 consulting bill, and President Robert McAllister took 100,000 shares at $0.25 for US$25,000 of his US$46,000 receivable and forgave the remaining US$21,000 - a major cleanup of related-party liabilities.
12 Apr 2011capital raising announcement▲ GoodMajor
Enertopia signed the definitive option agreement with Wildhorse Copper Inc. (and Northern Tiger Resources/Timber Wolf Minerals) to earn up to 100% of 56 mining claims in New Mexico, formalizing February's letter of intent: an initial $58,650 cash plus 500,000 shares on signing, then 150,000/150,000/200,000 further shares over the next three years, subject to a 1% royalty capped at $2 million - the Copper Hills project it would later abandon in 2013.
