Gensource Potash Corporation

GSP

CA37252X1042

Agricultural Chemicals

Market Closed - Toronto S.E. Other stock markets 15:58:37 2024-05-31 EDT			5-day change	1st Jan Change
0.085 ^CAD	-.--%		-.--%	+21.43%

05-03	Kelso raises stake in NCC; Transense joins project	AN
04-30	Gensource Potash Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Gensource Potash completes placement for proceeds of USD1.8 million

January 27, 2023 at 06:14 am

(Alliance News) - Gensource Potash Corp on Friday said that it has completed the second and final closing of its previously announced non-brokered private placement, proceeds of which will be used to advance its Tugaske project.

Gensource Potash is a Saskatoon, Canada-based fertiliser development company focused on sustainable potash production. Potash is the term commonly given to potassium used for fertiliser.

At the second and final closing of its share placement, the company issued 12.0 million units for gross proceeds of USD1.8 million.

Pursuant to the terms of the offering, Gensource paid certain finders an aggregate cash commission of USD27,300, and used 157,000 non-transferable warrants.

Proceeds from the sale will be used to advance the Tugaske project in Canada, and for general working capital purposes.

The securities are subject to a hold period of four months plus a day, expiring May 27.

Gensource Potash shares last traded at 16.00 pence each in London on Thursday.

By Holly Beveridge; Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Gensource Potash Corporation

Kelso raises stake in NCC; Transense joins project	05-03	AN
Gensource Potash Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	04-30	CI
RBC Capital Markets Gives Nutrien Outperform Rating, US$70 Price Target	04-15	MT
Gensource Potash maintains dedication to secure financing	12-07	AN
Gensource Potash Drops Near 19% As Provides Vanguard North 3D Seismic Program Update	12-07	MT
Gensource Potash Down Near 5% In UK Trade As Provides Vanguard North 3D Seismic Program Update	12-07	MT
Gensource Potash Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	11-28	CI
Gensource Potash completes non-brokered private placement	23-10-02	AN
Gensource Potash Corporation announced that it has received CAD 0.729538 million in funding	23-10-01	CI
NWF trades in line with expectations	23-09-28	AN
Gensource Potash to Raise Funds to Complete Fieldwork on Potash Project in Canada	23-09-28	MT
Gensource Potash Plans Non-Brokered Private Placement	23-09-28	MT
Gensource Potash Corporation announced that it expects to receive CAD 0.7 million in funding	23-09-27	CI
Gensource Potash plans to develop technology for Tugaske	23-08-30	AN
Gensource Potash Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-28	CI
RBC Capital Markets Says Fertilizer Equities Including Nutrien Up Week Over Week	23-07-17	MT
RBC Capital Markets Says Nutrien A Standout Among Fertilizer Equities	23-07-11	MT
RBC Capital Markets Says Fertilizer Equities Up Slightly Week Over Week	23-07-10	MT
RBC Capital Markets Says Fertilizer Equities Including Nutrien Flat Week Over Week	23-06-26	MT
RBC Capital Markets Says Fertilizer Equities Including Nutrien Up Over Past Week	23-06-20	MT
RBC Capital Markets Says Sprott Physical Uranium Trust Fund's Shares Up 2% Week Over Week	23-06-14	MT
RBC Capital Markets Says Nutrien, Other Fertilizer Equities Rise Over Past Week	23-06-12	MT
Gensource Potash extends convertible bond maturity date	23-06-05	AN
Gensource Potash completes private placement	23-05-30	AN
Gensource Potash Wraps Up Private Placement	23-05-30	MT

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Company Profile

Gensource Potash Corporation is a Canada-based fertilizer development company. The Company is focused on developing resource opportunities with a specific focus on potash development. The Company operates under a business plan that has two key components: vertical integration with the market to ensure that all production capacity built is directed, and pre-sold, to a specific market, eliminating market-side risk; and technical innovation, which allows for a modular and economic potash production facility, which demonstrates environmental leadership within the industry, producing no salt tailings, therefore eliminating decommissioning. Its projects include Tugaske Project, Vanguard Area and Lazlo Area. The Vanguard Area is 100% owned in central Saskatchewan, located 170 kilometers (km) South of Saskatoon, 150 km North-West of Regina on a provincial highway system. The Lazlo Area is located in central Saskatchewan.

Sector

Agricultural Chemicals

Calendar

2024-06-27 - Annual General Meeting

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