VANCOUVER, Dec. 9, 2011 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") (TSXV:EPO) (OTCQX:ENCTF) is pleased to report the closing of its previously announced (see press release dated November 16, 2011) non-brokered private placement of 12,940,000 units for aggregate gross proceeds of $2,976,200. The proceeds will be used to provide the Company with working capital for engineering studies, marketing and general administrative expenses.