Gensource Potash Announces Settlement of Legal Claim Gensource Potash Announces Settlement of Legal Claim
SASKATOON, Saskatchewan & LONDON -- (Business Wire) --
Gensource Potash Corporation ("Gensource" or the "Company") (TSXV: GSP, AIM: GSP) is pleased to announce that the Company, HELM AG and Michael Ferguson (collectively, the "Defendants") have entered into a mutual release and settlement agreement dated February 11, 2022 (the "Settlement Agreement") with Frank Eberhardt, Carl F Peters GmbH & Co. and 11664735 Canada Ltd. (collectively, the "Plaintiffs") with regards to the statement of claim filed by the Plaintiffs against the Defendants (the "Action"), as described in the Company's news release dated June 17, 2021.
The Settlement Agreement resolves all matters arising from the Action. While details of the Settlement Agreement are confidential, the Company's board and management note they are pleased with the terms of the Settlement Agreement.
Gensource's President and CEO Mike Ferguson commented: "We are pleased to have settled this matter with the Plaintiffs, which removes a distraction from the Gensource team as we look to move our Tugaske potash project forward into construction."