BRIEF-Encanto Potash expands MOU with Metals And Minerals Trading Co of India

Wed Apr 13, 2016 4:10pm EDT
 
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April 13 (Reuters) - Encanto Potash Corp :

* Encanto confirms that MOU is now expanded for an annual supply of a minimum of 2,000,000 metric tonnes of potash

* Says finalized important terms for their memorandum of understanding with Metals And Minerals Trading Company of India

* MOU allows for immediate supply of potash by Encanto to MMTC, while Encanto concurrently continues to develop Muskowekwan project

* MOU also allows for immediate supply of potash by Encanto to MMTC

* MOU provides that MMTC will also act as Encanto's worldwide distributor of potash on an exclusive basis

* Encanto Potash Corp says now intends to create joint trading company with Muskowekwan First Nation Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)