Encanto announces release of shares from escrow
Vancouver, Canada - Encanto Potash Corp. announces that
12,000,000 common shares of the Company that were held in escrow pursuant to an escrow agreement
dated May 30, 2016 have been released as Encanto has entered into a definitive off-take agreement for
the long term supply of potash. (See Company news release dated June 3, 2016 for further details
regarding the escrow shares.)
Encanto announces stock option grant
Encanto Potash Corp. announces that pursuant to the Company's Stock Option Plan, an aggregate of 13,750,000 incentive stock options have been granted to directors, officers and consultants of the Company at a price of $0.14 per share, exercisable for a period of 10 years, subject to TSX-V approval.
Encanto Potash Finalizes Definitive Terms and Enters into Offtake Agreement, Securing the Indian Potash Market with India's National Federation of Farmers' Procurement, Processing and Retailing Cooperatives of India Limited
Encanto Potash Corp. has successfully finalized a historic offtake agreement with the National Federation of Farmers' Procurement, Processing and Retailing Cooperatives of India Limited ("NACOF").
Encanto Potash enters into memorandum of agreement with India's National Federation of Farmers' Cooperative for 100 million tonne 20 year offtake agreement
Encanto Potash Corp. has successfully completed the foundation for an evolutionary offtake agreement with the National Federation of Farmers' Procurement, Processing and Retailing Cooperatives of India Ltd ("NACOF"). The terms of the offtake agreement are summarized in a memorandum of agreement (the "MOA") that provides for a minimum supply of 5 million tonnes per year for a minimum 20 year term, pending final negotiations related to the offtake agreement.