Trading Symbol: TSXV AGN.H
VANCOUVER, July 13 /CNW/ - Angus Ventures Corp. (the "Company") is
pleased to announce that it has closed its acquisition of Encanto Potash Corp.
The Company will change its name to "Encanto Potash Corp."and commence trading
under this new name on Wednesday, July 15, 2009, with the ticker symbol "EPO".
As a result of the amalgamation, the Company now has issued and
outstanding 114,097,834 shares, and the fully diluted share capital is
143,692,324 shares. An aggregate 20,200,001 shares are subject to a Value
Security Escrow Agreement.
In conjunction with the closing, Mr. Robert McMorran has been appointed
as the Chief Financial Officer of the Company and Mr. Ross Moulton has been
appointed as the Vice President, Exploration.
Mr. McMorran is a chartered accountant and has over 20 years experience
in dealing with financial reporting and the administration of public
companies. Mr. McMorran has served as an officer and/or director of several
public companies, primarily involved in mineral exploration and development.
He was CFO of the Canada Dominion Resources Group family of flow-through
limited partnerships from 1998 to 2006.
Mr. Moulton is a professional geologist and since 1996 has been a
self-employed geological consultant.
The business of the Company is the exploration and development of potash
properties, and the Company has either a Memorandum of Understanding or an
Exploration Participation Agreement with seven First Nations Bands in
Further information about the Company may be found on its website at
ON BEHALF OF THE BOARD OF DIRECTORS
President & CEO
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
For further information:
For further information: James Walchuck, President & CEO, at (604)