Encanto Potash Corp Announces Designation Vote Date

By MT Newswires January 23, 2012, 09:56:34 AM EDT

Encanto Potash Corp. (EPO.V) has provided an update on the Treaty Land Entitlement designation process.

The Company along with its partners, The Muskowekwan First Nation ( MFN ), said notice has been received from Aboriginal Affairs Northern Development Canada (AANDC) regarding the second vote date for the Muskowekwan Band membership. This vote will be held on February 25, 2012 on the Home Reserve of the Muskowekwan First Nation, near Regina, Saskatchewan.

AANDC will attend the voting site on the MFN Home Reserve as well as receive any ballots delivered by mail. As per AANDC regulations, in order for the designation vote to pass, this second vote requires a simple majority of those voting to be in favour of the mineral designation in order to succeed. In light of the overwhelming positive support from the Muskowekwan Band membership in the first vote held on November 26, 2011, with approximately 80% of the overall votes cast in favour, both the MFN and Encanto are anticipating a strong positive outcome.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: MFN



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