Gensource Potash Renews Investor Relations Contract
SASKATOON, Saskatchewan & LONDON, April 01, 2022--(BUSINESS WIRE)--Gensource Potash Corporation ("Gensource" or the "Company") (TSXV: GSP, AIM: GSP), a fertilizer development company focused on sustainable potash production, is pleased to announce the continued appointment of thinkHERO Incorporated ("thinkHERO") to provide external investor relations services to the Company.
thinkHERO is a Toronto-based investor relations advisory firm representing and advising growth-oriented TSX and TSX Venture Exchange ("TSXV") listed companies.
CEO Mike Ferguson commented: "We are pleased to continue our relationship with thinkHERO. We have made genuine efforts over the past several months to improve our communication with shareholders in both Canada and the UK. thinkHERO and its team are a key part of our communication efforts. Look for continued communication improvements as we move forward into our most exiting year yet!"
thinkHERO will be remunerated $7,800 per month for a 12-month term and has been granted 150,000 stock options to purchase common shares at an exercise price of $0.38 per share, which options are exercisable for a period of 5 years. The options were granted under the Company’s stock option plan and each stock option entitles the holder to acquire one common share of the Company. thinkHERO currently owns 133,000 shares of the Company. The agreement is subject to the approval of the TSXV.
Further information on Gensource Potash Corporation can be found at www.gensourcepotash.ca
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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, 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 potash 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220331006041/en/
For further information on Gensource:
Gensource Potash Corporation
Mike Ferguson – President & CEO
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
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