Encanto Potash Corp V.EPO.H

RE:300

[talisman47]

Not sure I fully understand but in the recent financials they said......

ENCANTO POTASH CORP. Notes to the Consolidated Financial Statements For the nine-month periods ended September 30, 2020 and 2019 (Unaudited-expressed in Canadian dollars) 15 8.

INVESTMENT The Company holds marketable securities in one private company. The investment is measured at fair value. The aggregate amount of the investment can be summarized as follows: September 30, 2020 December 31, 2019 $ $ ESG Global Impact Capital Inc. (‘’ESG’’) – 730,000 series B preferred shares (nil series B preferred shares as at December 31, 2019) 7,300,000 - Total 7,300,000 - The Series B preferred shares are issued at a face value of $ 10,00 and carry preferential dividend rights over the common shares. The Series B shares are redeemable by ESG for common shares on the basis of 10 common shares for each Series B preferred share, provided that ESG can only issue one common share for each Series B share every six months. The Series B shares entitle the holder to vote at general meetings, with one vote for each common share into which the Series B share is then issuable.