TRADING SYMBOL: TSXV:EPO
VANCOUVER,
June 17, 2013 /CNW/ - Encanto Potash
Corp. ("Encanto" or the "Company") (TSXV: EPO and OTCQX: ENCTF) is
pleased to announce that the Company has been selected to present
at the Resource Exploration & Development ("RED") Summit in
Toronto, ON.
Who: James
Walchuck, President & CEO, Encanto Potash
When: Tuesday June 18, 2013
Where: ING Ivey Leadership Centre, Exchange Tower, 130 King
St West, Toronto
Investment and Executive conference focusing
on:
- Market Forecasts & Investment Strategy
- Updates from Mining Businesses
- Mine Funding and Development Strategies
The RED Series, hosted by the Global Development
Forum (GDF) is designed to provide an informative and collaborative
platform for executives in the mining industry and the investment
sector. The Summit will be the fourth in a series of mining
meetings which will tackle the issues and decisions, triumphs and
challenges, that mining industry and investment sector executives
deal with on a day to day basis.
Invited attendees comprise executives from:
- Diversified Mining & Exploration Businesses
- Analysts, Fund Managers, Investors, Investment Brokers &
Investment Bankers
- Financial Institutions, Legal, Financial and Management
Consultants
Investment Conference Programme
The Precious Metals and Diversified Mining
Investment Conference Programme Streams will highlight economic
forecasts, investment strategies and showcase businesses currently
planning the advancement of exploration and development projects.
The two conference streams will consist of project updates from the
precious metals and diversified mining sectors respectively.
Executive Conference Programme
This stream will provide strategy sessions and
interactive panel discussions focused on providing insight to
mining executives on winning methods of funding, project management
& development and marketing.
Mr. Walchuck will be updating an audience of
analysts, fund managers, investors, investment brokers and resource
investment bankers on the significant progress being made on the
Muskowekwan potash project as the Company moves forward in plans to
open a significant producing potash mine.
Currently, proven and probable reserves,
combined with the measured and indicated resources could support a
mine life in excess of 70 years, assuming an annual production of
2.8 million tonnes per year.
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 PFS was released
in February 2013 confirming Proven
& Probable KCI Reserves totaling 162 MMt grading 28% which
supports primary and secondary mining for over 50 years at an
annual rate of 2.8 million tonnes.
The Company has a 100% interest in two
additional potash properties in Saskatchewan: the 55,000 acre
Ochapowace/Chacachas property and the 91,550 acre Spar
property.
Encanto is currently exploring domestic and
international strategic partnerships for the financing, development
and sale of potash production from its MFN JV Property.
For additional information about Encanto Potash
Corp., please visit the Company's website at www.encantopotash.com
or review the Company's documents filed on www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Per: "James Walchuck"
James Walchuck
President and CEO
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION
SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
THE FOREGOING INFORMATION MAY CONTAIN
FORWARD-LOOKING INFORMATION RELATING TO THE FUTURE PERFORMANCE OF
THE COMPANY. FORWARD LOOKING INFORMATION IS SUBJECT TO A NUMBER OF
KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT MAY
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE ANTICIPATED IN
OUR FORWARD LOOKING STATEMENTS. SUCH RISKS AND OTHER FACTORS
INCLUDE, AMONG OTHERS, THE ACTUAL RESULTS OF EXPLORATION
ACTIVITIES, CHANGES IN WORLD COMMODITY MARKETS OR EQUITY MARKETS,
THE RISKS OF THE MINING INDUSTRY INCLUDING, WITHOUT LIMITATION,
THOSE ASSOCIATED WITH THE ENVIRONMENT, DELAYS IN OBTAINING
GOVERNMENTAL APPROVALS, PERMITS OR FINANCING OR IN THE COMPLETION
OF DEVELOPMENT OR CONSTRUCTION ACTIVITIES, TITLE DISPUTES, CHANGE
IN GOVERNMENT AND CHANGES TO REGULATIONS AFFECTING THE MINING
INDUSTRY, AND OTHER RISKS AND UNCERTAINTIES DETAILED FROM TIME TO
TIME IN THE COMPANY'S FILINGS WITH THE CANADIAN SECURITIES
ADMINISTRATORS (AVAILABLE AT WWW.SEDAR.COM). FORWARD-LOOKING
STATEMENTS ARE MADE BASED ON VARIOUS ASSUMPTIONS AND ON
MANAGEMENT'S BELIEFS, ESTIMATES AND OPINIONS ON THE DATE THE
STATEMENTS ARE MADE. SHOULD ONE OR MORE OF THESE RISKS AND
UNCERTAINTIES MATERIALIZE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE
INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED
IN THE FORWARD-LOOKING INFORMATION CONTAINED HEREIN. THE COMPANY
UNDERTAKES NO OBLIGATION TO UPDATE FORWARD-LOOKING STATEMENTS IF
THESE ASSUMPTIONS, BELIEFS, ESTIMATES AND OPINIONS OR OTHER
CIRCUMSTANCES SHOULD CHANGE, EXCEPT AS REQUIRED BY APPLICABLE
LAW.
SOURCE Encanto Potash Corp.
