Home
Home Contact Info Login
Wisplite Technologies Incorporated
Home News Releases 2014 WTI Announces Expiry of Proposed Acquisition Transaction
News Releases
WTI Announces Expiry of Proposed Acquisition Transaction
Tuesday March 11 2014

VANCOUVER, March 11 2014 - Wisplite Technologies Incorporated ("WTI" or "the Company"), a developer of technologies for the electronic cigarette ("E-Cig") industry, announced today that the proposed acquisition by Enertopia has expired without the parties reaching a definitive agreement.

As earlier announced, the Company entered into a Letter of Intent ("LOI") with Enertopia Corporation ("Enertopia") (ENRT-OTCBB) (TOP-CSE), wherein Enertopia would have the right to acquire up to a 100% interest in the Company subject to the execution of a definitive agreement on or before February 28 2014.

On signing of the LOI, Enertopia paid a non-refundable deposit of $85,000 to the Company, however was subsequently unable to devise a suitable acquisition structure for the proposed transaction and did not present a definitive agreement prior to the LOI expiring.

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.

Company

About Us

Contact Info

News Releases

Insider Updates

Materials (Archive)

Opportunities

Products

Technology

Competitive Positioning

Distribution Models

Community

Partners & Affiliates

Suppliers

Distributors

Beta Programs

Licensees

Resources

Materials Repository

FAQs

Market Info

Industry Headlines

WebLinks

Utilities & Features

Site Support

Network Notices

User Accounts

Network Accounts

Documents

Wisplite Technologies Incorporated

RPO 75197 White Rock BC Canada

+1 1-800-881-6568 (toll)

+1 1-604-200-0222 (main)

+1 1-604-200-0221 (fax)

Copyright 2007-2015, Wisplite Technologies Incorporated. All Rights Reserved.