Gensource Potash Announces Filing of Base Shelf Prospectus
SASKATOON, Saskatchewan & LONDON -- (Business Wire) --
Gensource Potash Corporation (“Gensource” or the “Company”) (TSXV: GSP, AIM: GSP) today announced that it has filed and obtained a final receipt (the “Receipt”) for a final short form base shelf prospectus dated December 10, 2021 (the “Prospectus”) in each of the provinces of Canada, other than Quebec.
The Prospectus enables Gensource to qualify the distribution of up to C$200,000,000 of any combination of common shares, warrants, subscription receipts, debt securities, and units during the 25-month period that the Prospectus remains effective. The specific terms of any future offerings of securities by the Company, including the use of proceeds from any offering, will be established in a prospectus supplement filed with the applicable Canadian regulatory authorities. The Prospectus provides flexibility for the Company to take advantage of financing opportunities at its discretion and when market conditions are favourable.
“The filing of the Prospectus gives Gensource the ability to quickly close an offering of its securities as advantageous market conditions present themselves,” commented Mike Ferguson, President & CEO of the Company.
This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
A copy of the Prospectus can be found on the Company’s profile on SEDAR at www.sedar.com.