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ENCANTO COMPLETES DRILLING OF FIRST HOLE, BEGINS DRILLING OF NEXT TWO & COMPLETES PREVIOUSLY ANNOUNCED FINANCING
ENCANTO COMPLETES DRILLING OF FIRST HOLE, BEGINS DRILLING OF NEXT TWO & COMPLETES PREVIOUSLY ANNO...
About this update from Encanto Potash Corp.
[{"type":"text","content":"\n\n\n\n Oct. 20, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n\n\nTrading Symbol:\n\n\nTSXV\n\n\n    \n\n\nEPO.V\n\n\n\n\nVANCOUVER, Oct. 20 /CNW/ - Encanto Potash Corp. ("Encanto" or the\n "Company") reports the closing of its previously announced non-brokered\n private placement of 11,650,000 units for aggregate gross proceeds to\n the Company of $2,097,000. The net proceeds will be used to provide the\n Company with working capital for engineering studies, marketing and\n general administration costs.\n\n\nThe Offering was priced at $0.18 per Unit, each Unit consisting of one\n common share and one-half of one common share purchase warrant.  Each\n whole common share purchase warrant will entitle the holder to acquire\n one common share of the Company at a price of $0.25 per common share on\n or before October 20, 2012.\n\n\nAll securities issued in connection with the Offering will be subject to\n a hold period expiring on February 21, 2011. A 5% cash finder's fee has\n been paid.\n\n\nEncanto is pleased to also announce the completion of its first resource\n in-fill hole. The core has been logged by North Rim Exploration of\n Saskatoon and has been sent for analysis.\n\n\nEncanto has also begun drilling the next two resource in-fill holes with\n current depths as of October 18th being 270 metres in one and 140 metres in the other. These holes are\n anticipated to be finished within two weeks.  Both holes will ...