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Encanto Potash Corp V.EPO.H

Alternate Symbol(s):  ENCTF

Chemicals Basic Materials
Encanto Potash Corp. is a Canada-based exploration and development company that is focused on potash properties in the Province of Saskatchewan. The Company is focused on the development of Muskowekwan First Nation (MFN) reserve lands located approximately 100 kilometers north of Regina, Saskatchewan. The Company's wholly owned subsidiaries include Encanto Resources Ltd and Encanto Trading Corp.


TSXV:EPO.H - Post by User

Encanto Potash Corp
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Comment by Alpha101on Jan 04, 2017 8:22pm
829 Views
Post# 25668445

RE:RE:RE:RE:RE:Bought at 12.5

RE:RE:RE:RE:RE:Bought at 12.5The answer is in the very first paragraph of the press release.  The answer is "NO".  We are a step closer.....possibly the final step but the two phrases I've highlighted clearly state we do not yet have an offtake.  You're welcome!

They have built "the foundation" but not the house.  The second part clearly states "pending final negotiations on the offtake".  So, no offtake yet.

Encanto Potash Corp. ("Encanto" or the "Company") (TSXV:  EPO) has successfully completed the foundation for an evolutionary offtake agreement with the National Federation of Farmers' Procurement, Processing and Retailing Cooperatives of India Ltd ("NACOF"). The terms of the offtake agreement are summarized in a memorandum of agreement (the "MOA") that provides for a minimum supply of 5 million tonnes per year for a minimum 20 year term, pending final negotiations related to the offtake agreement.
Read more at https://www.stockhouse.com/news/press-releases/2017/01/04/encanto-potash-enters-into-memorandum-of-agreement-with-india-s-national#A7LZZltS29v6sKJ2.99
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