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Gensource Potash Corp V.GSP

Alternate Symbol(s):  AGCCF

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.


TSXV:GSP - Post by User

Comment by stockwatcher248on Feb 03, 2022 2:33pm
118 Views
Post# 34394284

RE:RE:RE:Wonder if there is some type of poison pill?

RE:RE:RE:Wonder if there is some type of poison pill? Twig....unless the non-convertible debenture paid 10% or more there is no way investors would invest in them...they would have to be convertible denetures which can add as much dilution as a share offering...the positive about the convertible debenture would be the conversion price would be at a premium to the market, certainly above what the straight equity financing would be so a bit lesser effect on dilution...the negative is of course the interest on the debenture having to be paid which I would guess would have to be 5% or higher.....seems to be a wall of stock being offered at the 32c level...probably for the pricing of the upcoming financing

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