|Bid||0.1000 x 0|
|Ask||0.1050 x 0|
|Day's Range||0.1050 - 0.1050|
|52 Week Range||0.1000 - 0.3000|
|Beta (3Y Monthly)||-0.85|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.05|
VANCOUVER , Oct. 4, 2018 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") (EPO.V) announces it will complete a private placement of convertible debentures for gross proceeds of $9,505,200 (the "Offering"). The proceeds of the Offering will discharge and replace a portion of the principal owing under the Company's previous convertible debentures that matured on September 1, 2017 which are due and payable, as well as to offset other outstanding payables. The debentures will be secured by a charge over all of the Company's assets, will bear interest at the rate of 5% per annum and will mature 18 months from date of issue.
VANCOUVER , Sept. 24, 2018 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") (EPO.V) is pleased to announce H.E. Mr. Zulfiquar Ghadiyali, as a new member of the board of directors of the Company. Mr. Ghadiyali has been in India working with Mr. Daskos since April 2015 .
VANCOUVER , Aug. 17, 2018 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") (EPO.V) announces that it has closed its private placement of 1,666,666 units at a price of $0.30 per unit for gross proceeds of $500,000 (the "Private Placement"). Each unit consists of one common share of the Company and one share purchase warrant ("Warrant"), with each Warrant entitling the holder to purchase one common share of the Company at a price of $0.18 per share for a period of 2 years from closing. The securities issued pursuant to the Private Placement are subject to a hold period until December 18, 2018 .
VANCOUVER , Aug. 7, 2018 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") (EPO.V) and the Muskowekwan First Nation are very pleased to announce that they have engaged Golder Associates Ltd. ("Golder"), a consulting, design and construction services company, as a vital part of the next step in developing a significant potash mine in Saskatchewan . As part of Encanto's previously stated plan to strive to significantly reduce both the OPEX and CAPEX for an advanced potash solution mine, Golder will prepare two studies for Encanto over the remaining summer months.
VANCOUVER , Aug. 3, 2018 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") (EPO.V) is pleased to announce it has arranged financing to further its strategy to lower the Capex and engineering costs through the present studies that are being carried out, as well as for operating capital. Encanto CEO Stavros Daskos commented: "Encanto is the only company in the world with a twenty year 'take or pay' supply agreement with India to supply 5 million metric tons of potash annually and has a one of a kind Mineral Title issued by the Government of Canada within the laws established by the First Nations Commercial and Industrial Development Act." Mr. Daskos further stated: "Encanto has proven KCI reserves and now is taking the next step on executing production in the most efficient way by having surrounded itself with a very experienced potash mining team.
Hatch will perform a value engineering analysis in efforts to lower the project's total Capex, with results expected in 4th Quarter 2018. Lively continued, "I have been involved with Hatch on other projects and feel very confident in having them join Encanto for the Value Engineering study that will help define these cost reductions while adding value to our project." Hatch will be completing this study to re-evaluate our projected costs and define our next step towards detailed design engineering. Hatch has been granted a new patent for potash and mineral salt pond crystallization—the only filed patent that has been validated to increase production over the "conventional wisdom" approach that is typically used today.
VANCOUVER , July 23, 2018 /CNW/ - Encanto Potash Corp. ("Encanto") (EPO.V) and the Muskowekwan First Nation are pleased to announce the confirmation of the Government of Canada's funding to support the upcoming engineering steps of the Encanto/Muskowekwan potash project via Indigenous Services Canada. The collaborative process between Indigenous Services Canada, Muskowekwan First Nation, and Encanto Potash Corp. started in the fall of 2017, working together diligently to maximize the appropriate and timely financial support for the engineering project needs as efficiently as possible.
VANCOUVER , July 9, 2018 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") (EPO.V) is pleased to announce the appointment of Mr. Richard Lively to the position of Chief Operating Officer. "Since joining Encanto, Richard Lively has shown great ingenuity to bring the Muskowekwan Potash Project forward", commented CEO Stavros Daskos . Mr. Lively will continue working towards analyzing the potential of lowering Capex, creating efficiency in Opex with a goal of reducing the construction costs and strategically optimizing transportation costs, and maintaining reasonable engineering costs.
VANCOUVER , May 23, 2018 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") (EPO.V) the TSX-V listed Potash development, Mining and Operating company announces its strategic plan to move the proposed potash solution mine project located on Muskowekwan First Nation land forward from today's current status to shovel ready. With the recent addition of Richard Lively , Encanto has value engineered and identified the expected costs to be incurred over the next 16 months to bring the project to a construction start. The projected engineering cost to finalize the EIS, Feasibility Study, and complex Front End Engineering & Design will be $32 million , representing a 40% reduction versus previous estimates.