Gensource Potash Corporation PDMR Dealing (1798H)
26 Juli 2023 - 8:00AM
UK Regulatory
TIDMGSP
RNS Number : 1798H
Gensource Potash Corporation
26 July 2023
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES
Gensource Potash Announces PDMR Dealing
SASKATOON, Saskatchewan and London, U.K. - July 26, 2023 -
Gensource Potash Corporation ("Gensource" or the "Company")
(AIM/TSXV: GSP), a fertilizer development company focused on
sustainable potash production, announces the transactions below by
a PDMR in the Company's Common Shares.
Robert Theoret, Vice-President Finance & Business
Development, acquired 50,000 Common Shares on July 21, 2023, at
$0.10 per Common Share and 20,500 Common Shares on July 25, 2023 at
$0.105 per Common Share.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Robert Theoret
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
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a) Position/status Vice-President Finance & Business Development
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
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a) Name Gensource Potash Corporation
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800WAVVOPS85N2205
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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
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a) Description of the financial instrument, type of G ensource 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
$0.10 50,000
$0.105 20,500
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price Same as above.
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction
July 21, 2023
July 25, 2023
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction TSX-V Exchange
-------------------------------------------------------- -------------------------------------------------------
As a result, Robert Theoret's total beneficial interest in the
Company is 10,284,583 Common Shares, representing 2.31 percent of
the Company's issued share capital.
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.
For further information on Gensource Potash, please contact:
Gensource Potash Corporation
Mike Ferguson - President & CEO +1-306-974-6414
Strand Hanson Limited (Nominated & +44 (0) 20 7409
Financial Adviser) 3494
Ritchie Balmer / Rory Murphy / Charles
Hammond
+44 (0) 20 7418
Peel Hunt LLP (Broker) 8900
Ross Allister / David McKeown / Georgia
Langoulant
For any press enquiries please contact Gensource at
306-974-6414.
Further information on Gensource Potash Corporation can be found
at www.gensourcepotash.ca
Follow us on twitter @GensourcePotash
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 the 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; 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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