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

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Comment by stockwatcher248on Jun 17, 2024 7:08pm

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Post# 36093135

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

That'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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