Encanto Potash Corp. Discloses Initial 3D Seismic Results and Hires Barlon Engineering to Oversee Muskowekwan Drill Program
Encanto Potash Corp. ("Encanto") is pleased to announce the initial interpretations of results from its 65 square kilometre 3D survey over the Muskowekwan First Nation Lands in central Saskatchewan.
Encanto Potash Corp. Announces Engagement of North Rim Exploration Ltd.
Encanto Potash Corp. ("Encanto" or the "Company") is pleased to announce the engagement
of North Rim Exploration Ltd. ("North Rim"), of Saskatoon, Saskatchewan for the purpose of
reviewing drill hole and seismic data and calculating an anticipated potash resource on the
Company's potash project located in the Prairie Evaporite Basin of Saskatchewan, Canada.
Encanto Potash Corp. Announces Options Grant
Encanto Potash Corp. ("Encanto" or the "Company") announces that pursuant to the Company's Stock Option Plan, a total of 7,950,000 incentive stock options have been granted to directors, officers, charities and consultants of the Company. The options are exercisable at a price of $0.15 per share for a period of 10 years.
Encanto Potash Corp. Announces Closing $6,000,000 Private Placement Offering of Flow-Through Shares and Non-Flow Through Units
Encanto Potash Corp. ("Encanto" or the "Company") is pleased to announce the closing of its brokered private placement with Primary Capital Inc., and Industrial Alliance Securities Inc., on July 6 , 2010 for its private placement offering (the "Offering") of 33,333,332 common shares to be issued on a "flow-through" basis ( the "Flow-Through Shares") and 6,666,667 non flow-through units (the "Units"), for aggregate gross proceeds to the Company of $6,000,000.
Encanto Potash Corp. Announces $6,000,000 Private Placement Offering of Flow-Through Shares and Units
Encanto Potash Corp.
(the "Company") is pleased to announce that it has entered into
an agreement with Mackie Research Capital Corporation ("Mackie Research
Capital") to act as lead agent and sole bookrunner, on a best-efforts
basis, for a private placement offering (the "Offering") of up to
$5,000,000 in common shares to be issued on a "flow-through"
basis ( the "Flow-Through Shares") and up to $1,000,000 in units
(the "Units"), for aggregate gross proceeds to the Company of $6,000,000.
Encanto Potash Corp. Exercises Repurchase Option 26,000,000 Shares Issued To Lion Energy Corp.
Encanto Potash Corp. (“the Company”) wishes to announce that it has exercised its option to repurchase a 51% interest of the Company’s existing potash properties (the “Potash Properties”) from Lion Energy Corp. (formerly Raytec Metals Corp.) (“Lion”) for 26,000,000 common shares of the Company.
Encanto Potash Corp. Hits 25% K2O (40% KCI) Within Two Potential Mineral Resource Horizons At Muskowekwan
Encanto Potash Corp. CEO James Walchuck is pleased to announce that the first drill hole at its Muskowekwan potash property in Saskatchewan returned values of 25.2% K2O (39.9% KCl) over 3.6 metres in the Patience Lake potash bed, and 25.5% K2O (40.4% KCl) over 2.4 metres in the Belle Plaine potash bed. Drilling in the lower Esterhazy Member returned values of 5.3 metres of 12.4% K2O (19.6% KCl).
Historical Surrounding Oil Wells Analysis Indicate Potash Grades And Thicknesses At Muskowekwan
Encanto Potash Corp. (“Encanto” or the “Company”) President James Walchuck is pleased to announce that the grades and thicknesses of the potash beds in historical oil wells surrounding the Company’s Muskowekwan property have been estimated in an engineering report prepared by Chapman Petroleum Engineering of Calgary (“the Report”).
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