Ethiopian Potash Corp. Arranges Shares for Debt
September 14 2012 - 12:45PM
Marketwired Canada
Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED)(TSX
VENTURE:FED.WT) announces that it has arranged to settle a portion of the
outstanding debt owed to an arms-length service provider by issuing an aggregate
of 2,140,000 common shares at a deemed price of $0.15 per common share. Such
arrangement remains subject to TSXV approval. The common shares that will be
issued in connection with this debt settlement will be subject to a hold period
of four months and one day from issuance.
About Ethiopian Potash Corp.
Ethiopian Potash Corp. (TSX VENTURE:FED)(TSX VENTURE:FED.WT) is a Canadian
company based in Toronto, Ontario and Addis Ababa, Ethiopia.
On behalf of the Board of Directors
George Roach, CEO & Director
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