Post by
beaniw on Mar 23, 2021 5:03pm
In it to the end, whichever end comes first, mine or EPO.
I have been a shareholder since Raytec Metals/Lion Energy sold all of it's potash assets to Encanto in 2009, I have averaged down over the years to the point where I think I almost had control of the company ;) and then they initiated their share consolidation-something they said they would never do. Anyway shame on me for having such blind faith in management and their plan. You would think though that that they would/could issue some sort of update (simply out of respect to all shareholders) as to what is going on behind the scenes, if anything at all.
The following is something I was not aware of:
NEX COMPANY:
ENCANTO POTASH CORP. ("EPO.H")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: September 10, 2020
NEX Company
TSX Venture Exchange (the "Exchange") has accepted for filing documentation a purchase agreement ("Agreement") dated August 28, 2020, between the Company, Muskowekwan Resources Ltd. ("MRL") and ESG Global Impact Capital Inc. (the "Vendor"). Pursuant to the terms of the Agreement, the Company has agreed to dispose of 22.96% ownership interest in its joint venture with MRL pertaining to certain potash resources in return for $7,730,000 (the "Purchase Price"). The Purchase Price will be satisfied by the Vendor through the issuance of 730,000 Series B preferred Shares of the Vendor at a deemed price of $10 per Series B preferred share.
Insider / Pro Group Participation: None
For further details, please see the Company's news release dated September 2, 2020.