/NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES/
Trading Symbol: TSXV EPO.V
VANCOUVER, Nov. 10 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") is pleased to announce a non-brokered private placement of up to 4,762,000 units (the "Units") at a price of $0.21 per unit to raise gross proceeds of up to $1,000,000 CAD for working capital purposes.
Each Unit will consist of one common share and one-half of one common share purchase warrant. Each whole share purchase warrant shall be exercisable to acquire one common share of the Company at a price of $0.35 for a period of 24 months from the closing of the private placement.
Encanto Potash Corp. is a TSX Venture Exchange-listed Canadian resource company engaged in the exploration and development of potash properties in the Province of Saskatchewan, Canada - the largest producing region for potash in the world.
To find out more about Encanto Potash Corp., please visit the company website at www.encantopotash.com or review the documents filed on www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS
President and 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 release.
SOURCE Encanto Potash Corp.
For further information: For further information: James Walchuck, President and CEO, Tel: (604) 683-2402; Keith Schaefer, Vanguard Shareholder Solutions, Tel: (604) 608-0824, Toll Free: 1-866-918-082