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Home News Releases 2014 WTI Enters Into LOI to be Acquired By Enertopia
News Releases
WTI Enters Into LOI to be Acquired By Enertopia
Wednesday February 12 2014

VANCOUVER, February 12 201- Wisplite Technologies Incorporated ("WTI" or "the Company"), a developer of technologies for the electronic cigarette ("E-Cig") industry, announced today that it has entered into a Letter of Intent ("LOI") with Enertopia Corporation ("Enertopia") involving the acquisition of the Company by Enertopia.

Pursuant to the LOI, Enertopia (ENRT-OTCBB) (TOP-CSE) has paid a non-refundable deposit of $85,000 and, subject to the execution of a definitive agreement on or before February 28 2014, will be entitled to acquire up to a 100% interest in the Company in exchange for a further $760,000 in funding to advance the Company's business and an aggregate of 10,000,000 Enertopia shares issued to the Company's stakeholders.

For detailed terms and conditions, refer to Enertopia's SEC filing pertaining to this acquisition located at http://www.sec.gov/Archives/edgar/data/1346022/000106299314000580/form8k.htm, or refer to www.enertopia.com.

"Enertopia is capitalizing on the transformational opportunity from the disruptive vaporization technology in the E-Cig and legal marijuana industries. We believe we are witnessing the confluence of two of the biggest trends in our generation with the removal of barriers in the MMJ sector and the healthy use of the new and expanding E-Cig technology," stated President / CEO Robert McAllister.

On Behalf of the Board of Directors

"A. L. Taggart"

A. L. Taggart

President & CEO

About Wisplite Technologies Incorporated
Wisplite Technologies Incorporated (WTI) is a privately held start-up stage company engaged in the development and licensing of technologies for the electronic cigarette, medical marijuana and homeopathic remedy industries. For further information contact Corporate Relations at corp.relations @ wisplite.com.
Legal Notice
This news release may contain "forward looking statements" as defined by the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 21A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward looking statements. WTI does not intend to update this information and disclaims any legal liability to the contrary.

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Wisplite Technologies Incorporated

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