Ethiopian Potash Corp. arranges shares for debt
TORONTO, ONTARIO–(Marketwire – Sept. 14, 2012) – 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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.