Ethiopian Potash Completes Shares for Debt Transaction, Appoints New Director

Ethiopian Potash (TSXV:FED) completed the shares for debt transaction announced on September 14, 2012. The company has also appointed Pamela Hueston as Director, effective immediately.

As quoted in the press release:

EPC has issued 2,140,000 common shares (the “Common Shares“) at a deemed price of $0.15 per Common Share in settlement of a portion of the outstanding debt owed to an arms-length service provider. The Common Shares will be subject to a four month hold period expiring on January 26, 2013.

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