Ethiopian Potash (TSXV:FED) completed the shares for debt transaction announced on September 14, 2012. The company has also appointed Pamela Hueston as Director, effective immediately.
As quoted in the press release:
EPC has issued 2,140,000 common shares (the “Common Shares“) at a deemed price of $0.15 per Common Share in settlement of a portion of the outstanding debt owed to an arms-length service provider. The Common Shares will be subject to a four month hold period expiring on January 26, 2013.