Gensource Potash Announces Filing of Base Shelf Prospectus
13 Diciembre 2021 - 1:00AM
Business Wire
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Services or Dissemination in the United States
Gensource Potash Corporation (“Gensource” or the “Company”)
(TSXV: GSP, AIM: GSP) today announced that it has filed and
obtained a final receipt (the “Receipt”) for a final short form
base shelf prospectus dated December 10, 2021 (the “Prospectus”) in
each of the provinces of Canada, other than Quebec.
The Prospectus enables Gensource to qualify the distribution of
up to C$200,000,000 of any combination of common shares, warrants,
subscription receipts, debt securities, and units during the
25-month period that the Prospectus remains effective. The specific
terms of any future offerings of securities by the Company,
including the use of proceeds from any offering, will be
established in a prospectus supplement filed with the applicable
Canadian regulatory authorities. The Prospectus provides
flexibility for the Company to take advantage of financing
opportunities at its discretion and when market conditions are
favourable.
“The filing of the Prospectus gives Gensource the ability to
quickly close an offering of its securities as advantageous market
conditions present themselves,” commented Mike Ferguson, President
& CEO of the Company.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such jurisdiction.
A copy of the Prospectus can be found on the Company’s profile
on SEDAR at www.sedar.com.
Further information on Gensource Potash Corporation can be found
at www.gensourcepotash.ca.
Follow us on Twitter @GensourcePotash
About Gensource
Gensource is a fertilizer development company based in
Saskatoon, Saskatchewan and is on track to become the next
fertilizer production company in that province. With a small scale
and environmentally leading approach to potash production,
Gensource believes its technical and business model will be the
future of the industry. Gensource operates under a business plan
that has two key components: (1) 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 (2) technical innovation which will allow for a small and
economic potash production facility, that demonstrates
environmental leadership within the industry, producing no salt
tailings, therefore eliminating decommissioning risk, and requiring
no surface brine ponds, thereby removing the single largest and
negative environmental aspect of potash mining.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Caution Regarding Forward-Looking
Statement
This news release may contain forward-looking information and
Gensource cautions readers that forward- looking information is
based on certain assumptions and risk factors that could cause
actual results to differ materially from the expectations of
Gensource included in this news release. This news release includes
certain “forward-looking statements”, which often, but not always,
can be identified by the use of words such as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”,
“will”, or “plan”. These statements are based on information
currently available to Gensource and Gensource provides no
assurance that actual results will meet management’s
expectations.
Forward-looking statements include estimates and statements with
respect to Gensource’s future plans, objectives or goals, to the
effect that Gensource or management expects a stated condition or
result to occur, including any offering of securities by Gensource.
Since forward-looking statements are based on assumptions and
address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Actual results could
differ materially from those currently anticipated in such
statements for many reasons such as: failure to complete an
offering of securities; failure to finance the Company’s Tugaske
project or other projects on terms which are economic or at all;
failure to settle a definitive joint venture agreement with a party
and advance and finance the Tugaske Project; changes in general
economic conditions and conditions in the financial markets; the
ability to find and source off-take agreements; changes in demand
and prices for potash; litigation, legislative, environmental and
other judicial, regulatory, political and competitive developments;
technological and operational difficulties encountered in
connection with Gensource’s activities; an inability to predict and
counteract the effects of COVID-19 on the business of Gensource,
including but not limited to the effects of COVID-19 on the price
of commodities, capital market conditions, restriction on labour
and international travel and supply chains, failure to obtain
required regulatory approvals; and other matters discussed in this
news release and in filings made with securities regulators. This
list is not exhaustive of the factors that may affect any of
Gensource’s forward-looking statements. These and other factors
should be considered carefully, and readers should not place undue
reliance on Gensource’s forward-looking statements. Gensource does
not undertake to update any forward-looking statement that may be
made from time to time by Gensource or on its behalf, except in
accordance with applicable securities laws.
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Gensource Potash Corporation Mike Ferguson – President
& CEO +1-306-974-6414
Strand Hanson Limited (Nominated & Financial Adviser)
Ritchie Balmer / Rory Murphy / Charles Hammond +44 (0) 20 7409
3494
Peel Hunt LLP (Broker) Ross Allister / David McKeown /
Georgia Langoulant +44 (0) 20 7418 8900
Camarco (Financial PR) Gordon Poole / Charlotte
Hollinshead / Lily Pettifar +44 (0) 20 3757 4997
For any press enquiries gensource@camarco.co.uk
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