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Encanto Potash Corp V.EPO.H

Alternate Symbol(s):  ENCTF

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

Bullboard Posts
Post by ComeFromAwayon Aug 12, 2019 11:39am
294 Views
Post# 30018111

What happened to the $100M

What happened to the $100M We had a committment from GEM for 100M for 3 years back in 2017. I suspect that funding has been cancelled - otherwise why would we be looking for a LOC from the banks. Sure wish that management had more clarity for the beleagured shareholders.

Vancouver, Canada – Encanto Potash Corp. ("Encanto" or the "Company") the TSX-V listed Potash development; Mining and Operating company (TSX-V: EPO) is pleased to announce that it has secured a commitment for a CAD $100 million funding facility. Under the funding agreement signed 15 th September, 2017 (the "Agreement"), GEM Investments America, LLC and GEM Global Yield LLC SCS undertake to invest up to CAD $100,000,000 over the next three years. Upon a drawdown notice being issued from the Company shares will be issued at a price 90% of the market price subject to a $.05 per share minimum.
Bullboard Posts