Gensource Announces Exercise of Stock Options
14 Febrero 2022 - 1:00AM
Business Wire
Gensource Potash Corporation (“Gensource” or the “Company”)
(AIM/TSXV: GSP), a fertilizer development company focused on
sustainable potash production, announces today that certain
consultants of the Company have exercised previously issued stock
options of the Company (“Options”) for common shares of the Company
(“Common Shares”).
500,000 Options were exercised at a price of $0.18 per Common
Share and 100,000 Options were exercised at a price of $0.17 per
Common Share for aggregate proceeds of $107,000. Accordingly, in
aggregate, 600,000 new Common Shares have been issued.
Admission to Trading on AIM
An application will be made for the admission (the “Admission”)
of the 600,000 new Common Shares, which will rank pari passu with
existing Common Shares, to trading on the AIM Market of the London
Stock Exchange plc (“AIM”). It is expected that the Admission will
become effective, and trading will commence at 8.00 am on February
18, 2022.
Following Admission, the Company’s total issued share capital
will consist of 421,088,995 Common Shares of no par value. For the
purposes of the UK’s Financial Conduct Authority’s Disclosure
Guidance and Transparency Rules, the total number of voting rights
in the Company will be 421,088,995. This figure may be used by
shareholders as the denominator for the calculations by which they
determine if they are required to notify their interest in, or a
change of their interest in, the Company under the UK’s Financial
Conduct Authority’s Disclosure Guidance and Transparency Rules.
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 modular 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 by using significantly less water per tonne
compared to conventional solution mining operations, producing no
salt tailings, therefore eliminating decommissioning risk, and
requiring no surface brine ponds, thereby removing the single
largest negative environmental impact 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
Statements
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 the AIM listing, the proposed financing
of the Tugaske Project and the development of the Tugaske Project
and other projects 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 relating to the success of the Tugaske Project and
the financing of the Tugaske Project could differ materially from
those currently anticipated in such statements for many reasons
such as: failure to finance the 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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