EDIT: I received some clarification from FFG, so although it's not printed anywhere public yet, I'll share.
Apparently, the bold text on a space determines whether it's a "draw" or "non-draw" space. Small text below it either expands on the bold text, or is a constant effect that applies as long as your character is on the space.
So the effect of the Cursed Glade, for instance, is always constant, whether you are encountering the space or even if you're just hanging out there during an opponent's turn.
I also received clarification for the Town Square and Summoning Circle spaces that ask you to move cards in lieu of drawing. These instructions are encountered first, as if you were drawing them.
So the Town Square has an instruction that's encountered at the beginning of the encounter sequence:
"Move 1 card of your choice in this Region to this space. If there are no other cards in this Region, draw 1 card instead."
And a constant effect that occurs as long as the active player is standing on the space:
"Discard all cards remaining on this space at the end of your turn."
Edited by Artaterxes, 25 June 2014 - 10:14 AM.