GSP Gensource Potash Corporation (“Gensource” or the “Company”) (AIM/TSXV: GSP), a fertilizer development company focused on sustainable potash production, announces that certain consultants to the Company have exercised previously issued Stock Options for gross proceeds of $98,500.
500,000 Options were exercised at a price of $0.18 and 50,000 options were exercised at a price of $0.17. Accordingly, in aggregate, 550,000 new Common Shares have been issued.
Admission to trading on AIM and TVR
Application will be made for admission of the 550,000 new Common Shares, which will rank pari passu with existing Common Shares, to trading on AIM ("Admission"). It is expected that the Admission will become effective, and trading will commence at 8.00 am on 13 December 2021.
Following Admission, the Company's total issued share capital will consist of 418,738,995 Common Shares of no par value. For the purposes of the Disclosure Guidance and Transparency Rules, the total number of voting rights in the Company will be 418,738,995. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the UK’s Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.