NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
SASKATOON, Saskatchewan & LONDON, July 12, 2022--(BUSINESS WIRE)--Gensource Potash Corporation ("Gensource" or the "Company") (TSXV: GSP, AIM: GSP) announced today that following the approval by the shareholders of the Company at the annual general and special meeting of shareholders of the Company held on May 27, 2022 of the special resolution approving the continuance of the Company out of the Province of Ontario under the provisions of the Business Corporations Act (Ontario) and into the Province of Saskatchewan under the provisions of The Business Corporations Act (Saskatchewan) (the "Continuance"), the Company has completed the Continuance.
In accordance with AIM Rule 26, the Articles of Continuance are located on the Company’s website at: https://gensourcepotash.ca/documents-circulars/
As a result of the Continuance, the Company has changed its registered office from 18 King St. E., Suite 902, Toronto, Ontario, Canada M5C 1C4 to Suite 1100-201-1st Avenue South, Saskatoon, Saskatchewan, Canada S7K 7N2, effective immediately.
Mike Ferguson, President & CEO of Company, said "While the Continuance of the Company from its original incorporation place of Ontario to Saskatchewan is a detailed item, it marks a milestone in the on-going evolution of the Company. Gensource has grown up as a Saskatchewan company with a Saskatchewan focus on an important Saskatchewan commodity, potash. The company has been headquartered in Saskatoon since late 2012 and has received significant support from local Saskatchewan investors – investors who understand the vision and see the tremendous value proposition. The management team are all Saskatchewanians who have worked most of their careers here. We are proud to have continued the Company in Saskatchewan – it is now home".
Further information on Gensource Potash Corporation can be found at www.gensourcepotash.ca Follow us on twitter @GensourcePotash
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.
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 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220711005852/en/
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) 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 please contact us on gensource@camarco.co.uk
Zacapa Resources (TSXV: ZACA) (OTCQB: ZACAF) (DE: BH0) provides an update of exploration activities to date at its 100% owned Pearl porphyry copper project adjacent to BHP's past-producing San Manuel-Kalamazoo porphyry copper mine in Arizona (1,390 Mt at 0.6% Cu, 0.011 % Mo, 0.017 g/t Au, 1.8 g/t Ag)1,2. Zacapa Resources has identified a window of porphyry copper prospective Laramide-age igneous rocks situated immediately north of San Manuel-Kalamazoo and completed a systematic campaign of geoch
Don’t get stuck on the sidelines. Bullish patterns are reappearing.
Yahoo Finance Live anchors discuss Unity’s $4.4 billion acquisition of ironSource.
The company will conduct a 4-for-1 stock split that will take effect on July 22. Although the move generated renewed interest in GameStop, it hardly constitutes a reason to buy its shares. Other companies that recently performed stock splits look like much better buys, and Shopify (NYSE: SHOP) is one of them.
The U.S. Bureau of Labor Statistics said Tuesday that a release circulating online purporting to show June inflation data, due for release on Wednesday morning, was a forgery.
(Bloomberg) -- Across China, homebuyers are refusing to pay mortgages as property developers drag on construction projects, escalating the country’s real estate crisis and risks of bad debt for banks. Most Read from BloombergUS Inflation Quickens to 9.1%, Amping Up Fed Pressure to Go BigThe 10 Worst Airports in Europe for Delays Right NowChinese Homebuyers Across 22 Cities Refuse to Pay MortgagesFresh US Inflation Peak to Keep Fed on Aggressive Rate PathEuro Drops to Dollar Parity for First Time
The real estate investment platform Arrived Homes, backed by Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos, is launching its largest batch of new offerings with a total of 14 new single-family rental properties set to go live. Seven of the 14 rental homes are hitting the platform today and the remaining properties are expected to become available later in the week. The rental property investment platform allows individual investors to purchase shares of the single-family properties with inve
In this article, we discuss Jim Cramer’s latest predictions and 10 stock recommendations. If you want to read about some more stocks that Jim Cramer recommends, go directly to Jim Cramer’s Latest Predictions and 5 Stock Recommendations. Investors have been worried about rampant inflation and the macroeconomic effects of the efforts of the central bank […]
Things are finally falling into place for Rivian (RIVN). The Amazon-backed EV start-up came flying out the gates last November, announcing itself as one of Wall Street’s hottest IPOs in recent times. However, what has followed since has been nothing less than “brutal production woes,” says Wedbush’s Daniel Ives. And these have significantly soured the narrative around the highly promising EV player (and sent its share price crashing). That said, there are now concrete signs Rivian might be turni
The 10.5% estimated increase would be welcome news for retirees struggling to make ends meet. But it might come with unwelcome consequences, too.
Sometimes it’s good to take a worm’s eye view of the markets, to narrow down the search and the market analysis to a particular industry or a particular sector. The zoomed-in view offers some advantages that the macro lacks – greater detail, or a look at opportunities that might get lost in the shuffle of a larger market trend. And that’s what we have here. Markets are trending down right now, but J.P. Morgan energy sector expert Christyan Malek sees a chance for investors to find an attractive
You can still make money in real estate. And you don’t have to be a mogul to do it.
Shares of the game development platform tumbled 17% on Wednesday. A series of questionable acquisitions aren't helping the stock.
Electric delivery vans are a big market opportunity, tapping two trends: vehicle electrification and online sales boom. Canoo stock soared.
The billionaire investor’s company is one step closer to reaching a threshold that would allow it to include Occidental Petroleum in its results.
(Bloomberg) -- Federal Reserve officials may debate a historic one percentage-point rate hike later this month after another searing inflation report piled pressure on the central bank to act.Most Read from BloombergUS Inflation Quickens to 9.1%, Amping Up Fed Pressure to Go BigChinese Homebuyers Across 22 Cities Refuse to Pay MortgagesEuro Drops to Dollar Parity for First Time in Two DecadesThe 10 Worst Airports in Europe for Delays Right NowStocks Buckle Under Hot CPI as Hawkish Bets Surge: Ma
Yahoo Finance Live anchors discuss second-quarter earnings for Delta.
The latest inflation report left traders more pessimistic about those fintech companies' prospects.
Concerns about rising inventories in the semiconductor industry have led to worries about order cancellations.
Inflation remains at a 40-year high, suggesting that the Federal Reserve should remain aggressive in raising rates.