Encanto Potash Corp V.EPO.H

Mmmmm - News release PP at .12 plus .17 warrant

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Encanto Potash Corp. Announces Private Placement

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Encanto Potash Corp. Announces Private Placement
/NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES./
TRADING SYMBOL: TSXV:EPO
VANCOUVER, April 22, 2015 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") (TSXV: EPO and OTCQX: ENCTF) ) announces a private placement of up to 15,000,000 units ("Units") at a price of $0.12 per unit for gross proceeds of up to $1,800,000 (the "Offering"). Each unit consists of one common share ("Share") and one share purchase warrant entitling the holder to purchase one common share at $0.17 for a period of 12 months from the date of issuance ("Warrant"). The Company intends to use the proceeds for general working capital for the Company.
Marquest Capital Markets and Secutor Capital Management Corporation (collectively, the "Finders") have agreed to act as finders in connection with the offering. In consideration for the services rendered by the Finders in connection with the Offering, the Finders will be paid 5% of the gross proceeds
Completion of the private placement and the payment of the finder's fees remain subject to the acceptance for filing of the TSX Venture Exchange. The securities issued by the Company in connection with this Offering are subject to a 4-month "hold period" as prescribed by the TSX Venture Exchange and applicable securities laws.
About Encanto:
Encanto Potash Corp. is a TSX Venture Exchange listed and OTCQX traded Canadian resource company engaged in the development of potash properties in the Province of Saskatchewan, Canada, the largest producing potash region in the world. Through a joint venture agreement with Muskowekwan Resources Ltd. ("MFN JV") on our flagship property, Encanto has a project land package which totals approximately 61,000 largely contiguous acres. A Pre-Feasibility Study dated February 28 2013 titled "Encanto Potash Corp. Technical Report Summarizing the Preliminary Feasibility Study for the Muskowekwan First Nations Home Reserve Project in South Eastern Saskatchewan, Canada" confirms the Proven & Probable KCI Reserves totaling 162 MMt grading 28% which supports primary and secondary mining for over 50 years at an assumed annual rate extraction rate of 2.8 million tonnes.
The Company has an interest in two additional potash properties in Saskatchewan: 20% interest in the 55,000 acre Ochapowace/Chacachas property and 100% interest in the 55,437 acre Spar property.