Transaction|April 15, 2014
Encanto closes C$3.65 million prospectus offering
Torys acted as counsel to the syndicate of agents led by Secutor Capital Management with a team that included Eric Foster and Jonah Goldberg (Canadian corporate/securities), Andy Beck and Jason Zhou (U.S. corporate/securities) and Craig Maurice (tax).
On April 15, 2014, Encanto Potash Corp. (Encanto) reported that it closed its previously announced short form prospectus offering of 15,593,600 units at a price of C$0.17 per unit and 5,263,100 flow-through units at a price of C$0.19 per flow-through unit, for gross proceeds of C$3,650,901.
Secutor Capital Management Corporation acted as lead agent in connection with the offering, with Haywood Securities Inc. acting as agent.
Encanto is engaged in the exploration and development of potash properties in Saskatchewan, Canada.
Further information can be found on Encanto's website.