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Gensource Potash Corp V.GSP

Alternate Symbol(s):  AGCCF

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.


TSXV:GSP - Post by User

Comment by black364on Aug 02, 2024 12:38pm
70 Views
Post# 36161199

RE:black, I know we have very different investment strategies

RE:black, I know we have very different investment strategiesDan, don't imply my DD is inferior to yours.  If it was, you would be a shareholder.  The below transactions are not an indication of salaries, more smoke and mirrors.   


16. Related party balances and transactions (continued) (a) The Company entered into the following transactions with related parties:   Year Ended December 31, 2023

Michael Ferguson (i)(v) $ 125,000
FCON Consulting (i)(v) $175,000
Alton Anderson (ii)(v) $250,000  
Rob Theoret (iii)(v) $200,000  
101188810 Saskatchewan Ltd (iv)(v) $200,000

(a) Transactions with related parties (continued):

 i) Compensation to the Chief Executive Officer ("CEO"). FCON Consulting (controlled by CEO). For the year ended December 31, 2023 – 21% is included in development properties and 79% in administrative expenses.

 ii) Compensation to the Chief Financial Officer. For the year ended December 31, 2023 – 17% is included in development properties and 83% general and administrative expenses.

iii) Compensation to the VP Finance and Business Development. For the year ended December 31, 2023, 7% is included in development properties and 93% in administrative expenses (year ended December 31, 2022 – 73% is included in development properties and 27% in administrative expenses).

iv) Compensation to the VP, Corporate Services. 101188810 Saskatchewan Ltd. (controlled by VP, Corporate Services). For the year ended December 31, 2023, 98% is included in general and administrative expenses and 2% is included in development properties (year ended December 31, 2022 – 22% in development properties and 78% is included in administrative expenses).
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