TRADING SYMBOL: TSXV:EPO
VANCOUVER, June 17, 2013 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") (TSXV: EPO and OTCQX: ENCTF) is pleased to announce that the Company has been selected to present at the Resource Exploration & Development ("RED") Summit in Toronto, ON.
Who: James Walchuck, President & CEO, Encanto Potash
When: Tuesday June 18, 2013
Where: ING Ivey Leadership Centre, Exchange Tower, 130 King St West, Toronto
Investment and Executive conference focusing on:
- Market Forecasts & Investment Strategy
- Updates from Mining Businesses
- Mine Funding and Development Strategies
The RED Series, hosted by the Global Development Forum (GDF) is designed to provide an informative and collaborative platform for executives in the mining industry and the investment sector. The Summit will be the fourth in a series of mining meetings which will tackle the issues and decisions, triumphs and challenges, that mining industry and investment sector executives deal with on a day to day basis.
Invited attendees comprise executives from:
- Diversified Mining & Exploration Businesses
- Analysts, Fund Managers, Investors, Investment Brokers & Investment Bankers
- Financial Institutions, Legal, Financial and Management Consultants
Investment Conference Programme
The Precious Metals and Diversified Mining Investment Conference Programme Streams will highlight economic forecasts, investment strategies and showcase businesses currently planning the advancement of exploration and development projects. The two conference streams will consist of project updates from the precious metals and diversified mining sectors respectively.
Executive Conference Programme
This stream will provide strategy sessions and interactive panel discussions focused on providing insight to mining executives on winning methods of funding, project management & development and marketing.
Mr. Walchuck will be updating an audience of analysts, fund managers, investors, investment brokers and resource investment bankers on the significant progress being made on the Muskowekwan potash project as the Company moves forward in plans to open a significant producing potash mine.
Currently, proven and probable reserves, combined with the measured and indicated resources could support a mine life in excess of 70 years, assuming an annual production of 2.8 million tonnes per year.
Encanto Potash Corp. is a TSX Venture Exchange listed and OTCQX 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 PFS was released in February 2013 confirming Proven & Probable KCI Reserves totaling 162 MMt grading 28% which supports primary and secondary mining for over 50 years at an annual rate of 2.8 million tonnes.
The Company has a 100% interest in two additional potash properties in Saskatchewan: the 55,000 acre Ochapowace/Chacachas property and the 91,550 acre Spar property.
Encanto is currently exploring domestic and international strategic partnerships for the financing, development and sale of potash production from its MFN JV Property.
ON BEHALF OF THE BOARD OF DIRECTORS
Per: "James Walchuck"
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.
THE FOREGOING INFORMATION MAY CONTAIN FORWARD-LOOKING INFORMATION RELATING TO THE FUTURE PERFORMANCE OF THE COMPANY. FORWARD LOOKING INFORMATION IS SUBJECT TO A NUMBER OF KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT MAY CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE ANTICIPATED IN OUR FORWARD LOOKING STATEMENTS. SUCH RISKS AND OTHER FACTORS INCLUDE, AMONG OTHERS, THE ACTUAL RESULTS OF EXPLORATION ACTIVITIES, CHANGES IN WORLD COMMODITY MARKETS OR EQUITY MARKETS, THE RISKS OF THE MINING INDUSTRY INCLUDING, WITHOUT LIMITATION, THOSE ASSOCIATED WITH THE ENVIRONMENT, DELAYS IN OBTAINING GOVERNMENTAL APPROVALS, PERMITS OR FINANCING OR IN THE COMPLETION OF DEVELOPMENT OR CONSTRUCTION ACTIVITIES, TITLE DISPUTES, CHANGE IN GOVERNMENT AND CHANGES TO REGULATIONS AFFECTING THE MINING INDUSTRY, AND OTHER RISKS AND UNCERTAINTIES DETAILED FROM TIME TO TIME IN THE COMPANY'S FILINGS WITH THE CANADIAN SECURITIES ADMINISTRATORS (AVAILABLE AT WWW.SEDAR.COM). FORWARD-LOOKING STATEMENTS ARE MADE BASED ON VARIOUS ASSUMPTIONS AND ON MANAGEMENT'S BELIEFS, ESTIMATES AND OPINIONS ON THE DATE THE STATEMENTS ARE MADE. SHOULD ONE OR MORE OF THESE RISKS AND UNCERTAINTIES MATERIALIZE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING INFORMATION CONTAINED HEREIN. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE FORWARD-LOOKING STATEMENTS IF THESE ASSUMPTIONS, BELIEFS, ESTIMATES AND OPINIONS OR OTHER CIRCUMSTANCES SHOULD CHANGE, EXCEPT AS REQUIRED BY APPLICABLE LAW.
SOURCE: Encanto Potash Corp.
For further information:
President and CEO
Martin Gagel CFA, MBA
Vanguard Shareholder Solutions
Toll Free: 1-866-918-0824