On January 12, 2018, Enertopia Corp. (OTCPK:ENRT) closed the transaction. The transaction was over-subscribed. The company issued 1,611,000 common shares and 1,611,000 whole warrants for gross proceeds of CAD 80,550 in its last tranche. Each warrant issued in the last tranche will expire on January 12, 2020. The director of the company subscribed for additional 200,000 units for gross proceeds of CAD 10,000. The company also paid additional CAD 3,880 and 77,600 brokers’ warrants with respect to the transaction. In total, the company raised CAD 418,250 in the transaction.