|September 09, 2010|
Enertopia Discusses Plans to Finance Operations
|Vancouver, BC - Enertopia Corporation (ENRT) (the "Company" or "Enertopia") |
announces that it has entered an agreement to attempt to find financing for its operations and to support deployment of its business plan, with Vancouver Green Capital Ventures.
The initial agreement is for a three-month term with a fee of $3,000 per month, with an objective of raising capital for use by the Company. The capital may be in the form of debt, equity, or some combination of the two and as such, there are no specific finance terms at this time.
Enertopia has also entered an agreement to attempt to find financing for its operations and to support deployment of its business plan, with Creston Capital, for a six-month non exclusive term with no monthly retainer. In both cases, there will be additional fees payable should a successful financing be completed.
The securities to be offered in any financing will not be registered under the Securities Act of 1933 as amended (the "Act"), and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Act.
Enertopia (www.enertopia.com) is an emerging growth company specializing in the funding and development of both proven and new clean energy and clean water technologies. Specialties include heat recovery and design operations, Solar Thermal, and Solar PV. Enertopia offers a portable and scalable solar-powered water purification unit. Enertopia's shares are quoted in the USA with symbol ENRT and in Canada with symbol TOP. For additional information, please visit www.enertopia.com or call Robert McAllister, President, Enertopia Corporation at 1.250.717.0977
Pat Beechinor, Media Relations, Enertopia Corporation
403.463.4119 or firstname.lastname@example.org
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, evaluation of clean energy projects for participation and/or financing, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions that are forward-looking statements. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, access to capital, and other factors which may be identified from time to time in the Company's public announcements and filings. The Company's evaluation of alternative energy projects in the heat recovery, solar thermal, solar PV and water purification; and of conventional energy projects in the oil and natural gas sectors provides no assurance that any particular project will have any material effect on the Company. No assurance is given that the potential capital raise will be successful in whole or in part, on any terms acceptable to the Company. No assurance is given that the Company will successfully be able to execute its business plan even if one or more financings are successful.
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