SASKATOON, SASKATCHEWAN--(Marketwire - Mar 11, 2013) - Gensource Capital Corporation("Gensource" or the "Company") (TSX VENTURE:GSP) announced that it intends to extend the expiry date of 12,500,000 common share purchase warrants (the "Warrants"), originally set to expire on March 29, 2013, for an additional year, to March 31, 2014. The Warrants, some of which are held by insiders of the Company, were issued pursuant to a private placement in March 2011 and have an exercise price of $0.25 per share. The exercise price of the Warrants is not being amended. The extension of the expiry date of the Warrants is subject to review and acceptance by the TSX Venture Exchange.
About Gensource Capital Corporation
Gensource Capital Corporation is a merchant bank based in Saskatoon, Saskatchewan, focused on developing resource opportunities. The primary project is its wholly-subsidiary, Gensource Potash Corporation, also based in Saskatoon, Saskatchewan. Gensource Potash Corporation is led by Mike Ferguson, P.Eng. President and CEO.
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President & CEO