Encanto Potash Announces Closing of $1.75 Million Private Placement

Encanto Potash (TSXV:EPO) has announced the closing of a non-brokered private placement of 20,588,235 flow-through shares at $0.085 per share for gross proceeds of $1.75 million.
As quoted in the press release:

The flow-through shares are subject to a hold period expiring March 1, 2017. Finder’s fees of $105,000 to Secutor Capital Management Corp. were paid in connection with the Offering. Proceeds will be used towards the continued exploration and development of Encanto’s Muskowekwan property in Saskatchewan.

Click here to read the full press release.