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Encanto Potash Corp Initiates Funding Drawdown with Global Emerging Markets, Submits Project Details for Funding Opportunities with Indigenous and Northern Affairs Canada
Encanto Potash Corp Initiates Funding Drawdown with Global Emerging Markets, Submits Proje...
About this update from Encanto Potash Corp.
[{"type":"text","content":"\n\n\n\nEncanto Potash Corp Initiates Funding Drawdown with Global Emerging Markets, Submits Project Details for Funding Opportunities with Indigenous and Northern Affairs Canada\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\n\nCanada NewsWire\nVANCOUVER, Jan. 30, 2018\n\n\n\nTSXV: EPO\n\n\n\nVANCOUVER, Jan. 30, 2018 /CNW/ - Encanto Potash Corp. (\"Encanto\") the TSX-V listed Potash development; Mining and Operating company (TSX-V: EPO) is pleased to announce Encanto has filed the requested project information in advance of its application for supplemental funding across various government departments led by Indigenous and Northern Affairs Canada (\"INAC\"), a federal government department responsible for meeting the Government of Canada's obligations and commitments to First Nations. The filed project information included focuses on upcoming steps of the feasibility study, as well as the projected economic impact for Muskowekwan First Nations, the province of Saskatchewan, and the federal government of Canada. The filed information included a detailed cost forecast and schedules of engineering works planned for 2018. Over the next coming weeks, Encanto and INAC will work together to present specific project elements for funding to the appropriate federal, provincial, and regional departments.\n\nWorking with Global Emerging Markets (\"GEM\"), the pricing and subscription period regarding the draw-down under the Share Subscription Facility Agreement (\"SSF\") with GEM, as previously announced on September 20, 2017, has commenced and that GEM has provided Encanto a draw-down advance. The draw down will provide Encanto Potash with the necessary funds for the continuing operations, feasibility study, and FEED (front end engineering and design) work of 2018.  GEM and Encanto continue their collaboration on Encanto's financial strategy including the sourcing of new capital partners for Encanto Potash.\n\nAbout Encanto Potash Corp\n\nEncanto Potash Corp. is a TSX Venture Exchange listed and traded Canadian Resource Company engaged in the development o...