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 > Maybe Sask Selective Dissolution Not So Tricky After All

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Comment by mdjbrownon May 02, 2022 8:18am

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Post# 34646865

RE:Maybe Sask Selective Dissolution Not So Tricky After All

BTB, look no further than the terms of the Appian Capital loan to Western, and that tells you all you need to know. Tough to get financing on these novel mines without giving a portion of the farm away.

Six-year term loan facility of up to of C$85,000,000 interest rate of 12.5% per annum

1.5% royalty on the gross revenue of Western Potash's Milestone Phase I Project

Warrants for Appian to acquire up to 9.9% of shares in Western Potash's parent company, Western Resources. The exercise price is at a 25% discount to the 5-day VWAP on April 28, 2022

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