Gensource Potash Corp V.GSP

Alternate Symbol(s): AGCCF

Chemicals Chemicals

Gensource Potash Corporation is a fertilizer development company. The Company is focused on developing resource opportunities with a specific focus on potash development. Its projects include the Tugaske Project, Lazlo Area, and Vanguard Area Project. The Tugaske Project is the Company’s advanced potash project. It has completed a full, bankable feasibility study and a follow-on front-end engineering and design study (FEED). The Lazlo Area is located in central Saskatchewan along an infrastructure corridor between the major population centers of Saskatoon and Regina. The Area is located over a thick and rich region of the Prairie Evaporite formation known locally as the Davidson Sub-basin. The Vanguard Area is located in central Saskatchewan and comprises two mineral leases, KL244 and KL245, and Potash Permit, SMP200. SMP200, which abuts existing Company leases, is about 7,180 hectares and represents a direct addition to mineral leases KL244 and KL245 in the Company’s Vanguard Area.

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Gensource Potash Corp > Financials and MDA Out

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Comment by black364on Aug 27, 2021 1:24pm

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Post# 33776298

RE:RE:Financials and MDA Out

Hi Jake. Although the company may be constrained from being more specific, some of the finance structure is given to us on a platter or at least in the nature of read between the lines in this morning’s release. I think there are some that aren’t aware of how big of a prize the London listing will be for the company. This will open doors for the company that were not thought about by investors, a short time ago. The release is pointing very positively towards gaining the listing. They may also be constrained from saying more about this at this time. According to the report, I believe we will soon hear of the specifies.

Additionally, as of the date of this MD&A, Gensource has completed the final required components to satisfy the senior debt process, targeting senior debt commitment letters that will support the final equity financing for Tugaske. Gensource is looking forward to a material announcement on these matters in the next quarter.

The legal, commercial and technical due diligence work for the AIM listing advanced significantly during the second quarter and to-date no issues have arisen in the process that would lead the Company to believe that the listing will not be obtained in the immediate term.
1. Additionally, as of the date of this MD&A, Gensource has completed the final required components to satisfy the senior debt process, targeting senior debt commitment letters that will support the final equity financing for Tugaske. . Gensource is looking forward to a material announcement on these matters in the next quarter.