Encanto Potash Corp.(TSXV:EPO, OTCQX:ENCTF) just announced the conversion of a $2.5 million convertible debenture issued November 28, 2012 at a price of $0.25 per common share.

According to the press release:

The investor is a director of the Company and a prominent Kuwaiti businessman who has significant investments in the automotive, financial and natural resource sectors.

Click here to view the full release.