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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 stockwatcher248on Jun 17, 2024 7:08pm
126 Views
Post# 36093135

RE:New Press Release - Gensource Potash Announces Extension to the Maturity Date of Convertible Debentures

RE:New Press Release - Gensource Potash Announces Extension to the Maturity Date of Convertible DebenturesThat's no surprise MJB....the 2 million Debs are just part of the almost 11 miilion in Current Liabilties with just the 730k in cash as last reported in Dec financials.......had no choice to extend, no cash to pay them off....the only 2 options I see are a monster financing at a 10c share price which would decimate existing shareholders or a joint venture agreement which would sell the farm...what other options do you see ???....

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