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Encanto announces non-brokered private placement financings of up to $2.7 million
Encanto announces non-brokered private placement financings of up to $2.7 million ...
About this update from Encanto Potash Corp.
[{"type":"text","content":"\n\n\n\nEncanto announces non-brokered private placement financings of up to $2.7 million\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.prngen2{\nBORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prngen3{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prntbls{\nBORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nEncanto announces non-brokered private placement financings of up to $2.7 million\nCanada NewsWire\nVANCOUVER, May 16, 2016\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES./\n\n\n\nVANCOUVER, May 16, 2016 /CNW/ - Encanto Potash Corp. (\"Encanto\" or the \"Corporation\") (TSXV:  EPO) is pleased to announce a non-brokered private placement consisting of a non flow through and flow through financing, of up to $2,700,000 (the \"Private Placements\").  The non flow through Private Placement of up to $2,200,000 will consist of up to 20.95 million units (the \"Units\") at a price of $0.105 per Unit.  Each Unit will consist of one common share of the Company and one common share purchase warrant, with each warrant entitling the holder to purchase one common share of the Company at a price of $0.16 per share for a period of 30 months after closing.  The flow through Private Placement of $500,000 will consist of 3,125,000 shares (the \"Shares\") at a price of $0.16 per Share.  Proceeds from the Private Placements will be used towards general working capital and development of Encanto's Muskowekwan property in Saskatchewan.  Finder's fees on the gross proceeds of the offering may be paid.\n\nIn addition to the non flow through Priv...