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Encanto Potash Corp. (TSXV:EPO) Announces a private placement

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The offering of up to approximately 15 million units is priced at $0.12 per unit for gross proceeds of up to $1,800,000. Each unit consists of 1 share and 1 share purchase warrant, with the warrant exercisable at $0.17 for 12 months.

Additional Information:

Company: Encanto Potash Corp.
Website: http://www.encantopotash.com/english/default.aspx
Stock Symbol: TSXV: EPO
Date Published: Apr 24, 2015
Transcript: Available

Video Transcript:

I’m Amanda Rose Schellenberg for Investmentpitch Media

Encanto Potash Corp. symbol EPO on the TSX Venture Exchange announced a private placement.

The offering of up to approximately 15 million units is priced at $0.12 per unit for gross proceeds of up to $1,800,000. Each unit consists of 1 share and 1 share purchase warrant, with the warrant exercisable at $0.17 for 12 months.

Marquest Capital Markets and Secular Capital Management have agreed to act as finders in connection with the offering.

Encanto is developing potash properties in the Province of Saskatchewan.

Through a joint venture agreement with Muskowekwan Resources (“MFN JV”) on the company’s flagship property, Encanto has a project land package totalling approximately 61,000 largely contiguous acres.

A Pre-Feasibility Study dated February 2013 confirms the Proven & Probable KCI Reserves totalling 162 million metric tonnes grading 28% which supports primary and secondary mining for more than 50 years at an assumed annual rate extraction rate of 2.8 million tonnes.

The company has an interest in two additional potash properties in Saskatchewan.

Encanto is currently exploring domestic and international strategic partnerships for the financing, development and sale of potash production from its MFN JV Property.

The shares are trading at $0.13, and with 336 million shares outstanding, the company is capitalized at $44 million.

For more information, please visit the company’s website www.encantopotash.com or contact James Walchuck, President & CEO at 604-683-2402 or email info@encantopotash.com.

Investor relations is handled by Vanguard Solutions, which can be reached at 604-608-0824 or email IR@vanguardsolutions.ca.

I’m Amanda Rose Schellenberg for Investmentpitch Media
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