Non-brokered financing sells shares at C$0.40 apiece to fund expansion
By Devika Patel
Knoxville, Tenn., Dec. 20 - Encanto Potash Corp. said it plans a C$2 million non-brokered private placement of stock.
The company will sell 5 million flow-through common shares at C$0.40 each. The price per share is a 48.15% premium to the Dec. 19 closing share price of C$0.27.
Proceeds will be used to expand the resources on Encanto's potash properties in southern Saskatchewan through 3D seismic and or drilling programs.
Encanto Potash is a natural resource company based in Vancouver, B.C.
| Issuer: | Encanto Potash Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2 million
|
| Shares: | 5 million
|
| Price: | C$0.40
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 20
|
| Stock symbol: | TSX Venture: EPO
|
| Stock price: | C$0.27 at close Dec. 19
|
| Market capitalization: | C$67.96 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
