TIDMGSP
RNS Number : 5798T
Gensource Potash Corporation
25 July 2022
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES
Director Dealing
LONDON, U.K., July 25, 2022 - Gensource Potash Corporation
("Gensource" or the "Company") (TSXV: GSP, AIM: GSP) announces the
following transactions: Michael Ferguson, Executive-Director,
acquired 40,000 Common Shares on July 22(nd) , 2022 at $0.19 per
Common Share; Alton Anderson, Executive -Director, acquired 40,000
Common Shares on July 22, 2022, at $0.185 per Common Share and
Michael Mueller, Non-Executive Director, acquired, in aggregate,
50,000 Common Shares on July 22(nd) , 2022, at a weighted average
price of $0.1868 per Common Share.
As a result, Michael Ferguson's total beneficial interest in the
Company is 17,772,708 Common Shares, representing 4.2 percent of
the Company's issued share capital.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Michael Ferguson
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Executive Director
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Gensource Potash Corporation
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800WAVVOPS85N2205
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Gensource Potash Corp Common Shares
instrument
Identification code
ISIN: CA3725X1042
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction The acquisition of common shares of no par value each
in the Company
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price Volume
$0.19 40,000
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price Same as above
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction July 22nd, 2022
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction TSX-V Exchange
-------------------------------------------------------- -------------------------------------------------------
As a result, Alton Anderson's total beneficial interest in the
Company is 1,040,000 Common Shares, representing 0.2 percent of the
Company's issued share capital.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Alton Anderson
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Executive Director
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Gensource Potash Corporation
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800WAVVOPS85N2205
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Gensource Potash Corp Common Shares
instrument
Identification code
ISIN: CA3725X1042
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction The acquisition of common shares of no par value each
in the Company
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price Volume
$0.185 40,000
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price Same as above
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction July 22nd, 2022
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction TSX-V Exchange
-------------------------------------------------------- -------------------------------------------------------
As a result, Michael Mueller's total beneficial interest in the
Company is 883,333 Common Shares representing 0.2 percent of the
Company's issued share capital.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Michael Mueller
-------------------------------------------------------- ------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------------------------------------- ------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- ------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
----------------------------------------------------------------------------------------------------------------
a) Name Gensource Potash Corporation
-------------------------------------------------------- ------------------------------------------------------
b) LEI 213800WAVVOPS85N2205
-------------------------------------------------------- ------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Gensource Potash Corp Common Shares
instrument
Identification code
ISIN: CA3725X1042
-------------------------------------------------------- ------------------------------------------------------
b) Nature of the transaction The acquisition of common shares of no par value each
in the Company
-------------------------------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price Volume
$0.185 32,000
$0.19 18,000
-------------------------------------------------------- ------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 50,000
$0.1868
------------------------------------------------------------- ------------------------------------------------------
e) Date of the transaction July 22nd, 2022
-------------------------------------------------------- ------------------------------------------------------
f) Place of the transaction TSX-V Exchange
-------------------------------------------------------- ------------------------------------------------------
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as
it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 (as amended).
For further information on Gensource Potash, please contact:
Gensource Potash Corporation
Mike Ferguson - President & CEO +1-306-974-6414
Strand Hanson Limited (Nominated & Financial
Adviser) +44 (0) 20 7409 3494
Ritchie Balmer / Rory Murphy / Charles Hammond
Peel Hunt LLP (Broker) +44 (0) 20 7418 8900
Ross Allister / David McKeown / Georgia
Langoulant
Camarco (Financial PR) +44 (0) 20 3757 4997
Gordon Poole / Charlotte Hollinshead / Lily
Pettifar
For any press enquiries please contact us on
gensource@camarco.co.uk
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 modular 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 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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END
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