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Encanto announces issuance of shares in settlement of liabilities
Encanto announces issuance of shares in settlement of liabilities Encanto announce...
About this update from Encanto Potash Corp.
[{"type":"text","content":"\n\n\n\nEncanto announces issuance of shares in settlement of liabilities\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nEncanto announces issuance of shares in settlement of liabilities\nCanada NewsWire\nVANCOUVER, June 24, 2016\n\n\n\nTRADING SYMBOL: TSXV:EPO\n\n\n\nVANCOUVER, June 24, 2016 /CNW/ - Encanto Potash Corp. (\"Encanto\" or the \"Company\") (TSXV: EPO) is pleased to announce that it has settled liabilities in the aggregate amount of $294,654 which arose from the failure to incur qualifying expenses in connection with a previous issuance of flow-through shares by the issuance of an aggregate of 2,806,230 common shares at a price of $0.105 per share. The shares are subject to a hold period expiring October 25, 2016.\n\nAbout Encanto:\n\nEncanto Potash Corp. is a TSX Venture Exchange listed and traded Canadian resource company engaged in the development of potash properties in the Province of Saskatchewan, Canada, the largest producing potash region in the world. Through a joint venture agreement with Muskowekwan Resources Ltd. on our flagship property, Encanto has a project land package which totals approximately 61,000 largely contiguous acres. A Pre-Feasibility Study dated February 28 2013 titled \"Encanto Potash Corp. Technical Report Summarizing the Preliminary Feasibility Study for the Muskowekwan First Nations Home Reserve Project in South Eastern Saskatchewan, Canada\" confirms the Proven & Probable KCI Reserves totaling 162 MMt grading 28% which supports primary and secondary mining for over 50 years at an assumed annual rate extraction rate of 2.8 million tonnes.\n\nThe Company has a 5% interest in the 55,000 acre Ochapowace/Chacachas property also located in Saskatchewan.\n\nThe technical content of this news release has been reviewed and approved by James Walchuck, a qualified person as defined by NI 43-101.\n\nFor additional information about Encanto Potash Corp., please visit the Company's website at www.encantopotash.com or review the Company's documents filed on www.sedar.com.\n\nON BEHALF OF THE ...