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Gensource Potash Corp V.GSP

Alternate Symbol(s):  AGCCF

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.


TSXV:GSP - Post by User

Comment by bobbythebakeron Nov 30, 2022 9:13am
152 Views
Post# 35139179

RE:Insiders .....

RE:Insiders .....
Hey frostback, bear in mind GSP execs have been putting a TON of their own money into the company year after year, including a substantial amount here in 2022 (see below.)  Also, if GSP happens to be anywhere close to finalizing terms with the Private Equity groups, it would not be kosher for them to be buying shares too close to the deal.

-> The Company announced that Amy O’Shea, Non-Executive Director, acquired 10,000 Common Shares on July 25th, 2022 at C$0.19 per Common Share. (See news release dated July 28, 2022).

-> On July 25, 2022, the Company announced the following transactions: Michael Ferguson, Executive-Director, acquired 40,000 Common Shares on July 22nd, 2022 at $0.19 per Common Share; Alton Anderson, Executive -Director, acquired 40,000 Common Shares on July 22, 2022, at $0.185 per Common Share and Michael Mueller, Non-Executive Director, acquired, in aggregate, 50,000 Common Shares on July 22nd, 2022, at a weighted average price of $0.1868 per Common Share.
 
-> The Company announced that on June 13, 2022, Michael Ferguson (CEO) exercised, for cash,
1,000,000 stock options at C$0.13 per common share, Deborah Morsky (PDMR) exercised for
cash, 1,000,000 Options at C$0.13 per Common Share and Robert Theoret (PDMR) exercised, for
cash, 807,000 Options at C$0.13 per Common Share in return for the issue of 1,000,000, 1,000,000
and 807,000 new Common Shares to Michael Ferguson, Deborah Morsky and Robert Theoret,
respectively. A non-PDMR exercised 500,000 Options in return for 500,000 Common Shares at a
price of C$0.13 on June 13, 2022. (See news release dated June 14, 2022)

-> The Company announced that Stephen Dyer, Non-Executive Director, acquired 375,000 Common Shares on June 9th, 2022 at C$0.27 per Common Share. (See news release dated June 13, 2022).

-> As disclosed by the Company on August 30, 2022, the Company received on May 31, 2022 a promissory note from Michael Ferguson, President, CEO and a Director of the Company, in the amount of C$250,000 for project related and general working capital purposes. The promissory note is unsecured, bears interest at a rate of 0% per annum and matures on July 1, 2023
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