20 Apr 2017capital raising announcement▲ Good
Enertopia raised a modest US$5,685 as holders exercised 95,500 warrants, routine working-capital cash inflow.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 Apr 2017quarterly activities report▼ Bad
Enertopia Corp. reported a quarterly net loss of $226 thousand for the period ended 2017-02-28.
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.
2 Feb 2017securities registration● Neutral
Enertopia Corp. filed notice of an exempt private placement.
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 2017director interest notice● Neutral
Enertopia Corp. President Robert Mcallister bought 1,500,000 shares on the open market.
20 Jan 2017director interest notice● Neutral
Enertopia Corp. director Kevin Michael Brown bought 500,000 shares on the open market at $0.07.
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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20 Jan 2017director interest notice● Neutral
Enertopia Corp. CFO Baljinder Bhullar bought 500,000 shares on the open market at $0.05.
13 Jan 2017quarterly activities report▼ Bad
Enertopia Corp. reported a quarterly net loss of $166 thousand for the period ended 2016-11-30.
7 Dec 2016material agreement▲ GoodMajor
Enertopia signed a commercialization agreement with Genesis Water Technologies for exclusive rights to a patent-pending process to extract battery-grade lithium carbonate from brine, covering the US and parts of South America in exchange for a 10% net-sales royalty.
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.
5 Oct 2016securities registration● Neutral
Enertopia Corp. filed notice of an exempt private placement.
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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2 Aug 2016drilling result▲ GoodMajor
Enertopia reported encouraging surface lithium assay results (up to ~4,120 ppm at one hole) from its first-phase exploration across three Nevada valley properties, supporting its geological model for brine-source lithium.
11 July 2016quarterly activities report▼ Bad
Enertopia Corp. reported a quarterly net loss of $84 thousand for the period ended 2016-05-31.
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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20 May 2016director interest notice● Neutral
Enertopia Corp. CFO Baljinder Bhullar bought 2,000,000 shares on the open market.
13 May 2016director interest notice● Neutral
Enertopia Corp. President Robert Mcallister exercised stock options for 240,000 shares and disposed of 240,000 shares.
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.
26 Apr 2016material agreement▲ GoodMajor
Enertopia pivoted again, launching a new lithium exploration division and signing a letter of intent to option 2,560 acres of Nevada placer mining claims for potential lithium brine extraction - a new direction after its supplements and cannabis ventures.
12 Apr 2016quarterly activities report▼ Bad
Enertopia Corp. reported a quarterly net loss of $154 thousand for the period ended 2016-02-29.
10 Mar 2016material agreement▲ GoodMajor
Enertopia signed a binding letter of intent to acquire a private nutritional vitamin/supplement company for $350,000, pivoting toward the health-and-wellness sector as its cannabis ventures wound down.
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.
6 Jan 2016quarterly activities report▼ Bad
Enertopia Corp. reported a quarterly net loss of $150 thousand for the period ended 2015-11-30.
14 July 2015quarterly activities report▼ Bad
Enertopia Corp. reported a quarterly net loss of $123 thousand for the period ended 2015-05-31.