Ethiopian Potash Corp.

Ethiopian Potash Corp.

June 28, 2013 17:04 ET

Ethiopian Potash Completes Shares for Debt Transactions

TORONTO, ONTARIO--(Marketwired - June 28, 2013) - Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED) announces that it has settled outstanding debts owed to certain arm's length service providers by issuing an aggregate of 5,719,455 common shares at a deemed price of $0.10 per common share. The common shares issued in connection with the debt settlement are subject to a hold period that expires on October 29, 2013.

About Ethiopian Potash Corp.

Ethiopian Potash Corp. (TSX VENTURE:FED) 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.

Contact Information

  • Ethiopian Potash Corp.
    George Roach
    Chief Executive Officer and Director
    +44 779 626 3999 (FAX)

    Ethiopian Potash Corp.
    Michael Galloro
    Chief Financial Officer
    416 907 5644