EPO and other projects move forwardPotash's offtake proposal presented to RCF 2015-04-20 14:05 ET - News Release Mr. James Walchuck reports ENCANTO POTASH CORP. UPDATE AND CEO STATEMENT Encanto Potash Corp. has provided an update and a statement from its chief executive officer. "On behalf of the Encanto Potash Corp. board, I would like to update our shareholders of the company's current focus over the near term. "We have noted with great interest the recent positive business discussions and agreements reached between the Indian and Canadian governments. We believe that these discussions will continue with increased urgency in all business sectors, including the long-term supply of potash to India. "Encanto has been informed by the lead of the Indian fertilizer consortium, Rashtriya Fertilizer Company (RCF), that our negotiated long-term potash offtake proposal has been scrutinized by RCF management and is currently being presented to the their board for approval. Encanto anticipates a favourable response from the RCF board, as well as a positive response from the Ministry of Chemicals and Fertilizers. "Encanto has been extremely encouraged by the focus of Indian Prime Minister, Narendra Modi, on expanding trade between Canada and India. The new pro-business focus is having a major positive effect in India, and we believe will result in the culmination of many business opportunities for Canadian businesses, including Encanto. "We thank our shareholders for their patience as we expect a bright future as our story continues to unfold." We seek Safe Harbor. © 2015 Canjex Publishing Ltd. All rights reserved.