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Gensource Potash Corp V.GSP

Alternate Symbol(s):  AGCCF

Gensource Potash Corporation is a Canada-based fertilizer development company. The Company is focused on developing resource opportunities with a specific focus on potash development. The Company operates under a business plan that has two key components: vertical integration with the market to ensure that all production capacity built is directed, and pre-sold, to a specific market, eliminating market-side risk; and technical innovation, which allows for a modular and economic potash production facility, which demonstrates environmental leadership within the industry, producing no salt tailings, therefore eliminating decommissioning. Its projects include Tugaske Project, Vanguard Area and Lazlo Area. The Vanguard Area is 100% owned in central Saskatchewan, located 170 kilometers (km) South of Saskatoon, 150 km North-West of Regina on a provincial highway system. The Lazlo Area is located in central Saskatchewan.


TSXV:GSP - Post by User

Comment by mdjbrownon Jun 01, 2023 10:50am
131 Views
Post# 35474791

RE:GSP Insider Purchases This Week at $0.15

RE:GSP Insider Purchases This Week at $0.15btb are those insider acquisitions part of the recent non brokered private placement?

"As part of the Offering, certain directors and officers of Gensource purchased 2,485,250 Units."

Good to see those proceeds going directly back into the corporations treasury for project advancement and general working capital.

"Use of proceeds from the sale of the Units, as previously disclosed, will be used to advance the Company’s Tugaske potash project (the “Tugaske Project”) and for general working capital purposes. Gensource is pleased that the current portion of financing has been completed while it continues its work on funding opportunities to secure additional capital for the Tugaske Project.
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