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Encanto Potash Corp. Announces Closing of $410,000 Flow-Through Private Placement
Encanto Potash Corp. Announces Closing of $410,000 Flow-Through Private Placement ...
About this update from Encanto Potash Corp.
[{"type":"text","content":"\n\n\n\nEncanto Potash Corp. Announces Closing of $410,000 Flow-Through Private Placement\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\n\n\n\n\n\nEncanto Potash Corp. Announces Closing of $410,000 Flow-Through Private Placement\nCanada NewsWire\nVANCOUVER, Dec. 30, 2015\n\n\n\nTRADING SYMBOL:  TSXV:EPO\n\n\n\nVANCOUVER, Dec. 30, 2015 /CNW/ - Encanto Potash Corp. (\"Encanto\" or the \"Company\") (TSXV: EPO) is pleased to announce that it has closed a private placement of 6,833,332 flow through common shares at a price of $0.06 per share for gross proceeds of $409,999.92.  The Company intends to use the proceeds for exploration work on its Muskowekwan property in Saskatchewan.  A finder's fee was paid in accordance with the policies of the TSX Venture Exchange (the \"TSXV\").  The common shares are subject to a four month hold period expiring on May 1, 2016.  The private placement is subject to final acceptance for filing by the TSXV.\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. (\"MFN JV\") 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 also has an interest in another potash property in Saskatchewan: 20% interest in the 55,000 acre Ochapowace/Chacachas property. \n\nEncanto is currently exploring domestic & international strategic partnerships for the financing, deve...