Gensource Potash Corporation (“Gensource” or the “Corporation”) (TSX-V: GSP) announces that it has today granted an aggregate of 4,000,000 stock options (”Options”), of which 3,500,000 were granted to certain directors and officers of the Corporation. The Options were granted under the Corporation’s Stock Option Plan and each Option entitles the holder to acquire one common share at an exercise price of $0.09 and are exercisable for a period of 5 years. This grant of Options is subject to acceptance by the TSX Venture Exchange.
Gensource is based in Saskatoon, Saskatchewan and is focused on developing the next potash production facility in that province, but a project with a difference: small, scalable, highly efficient and environmentally friendly. Gensource’s President and CEO, Mike Ferguson P.Eng., has assembled a management and technical team with direct and specific expertise and experience in potash development in Saskatchewan.
Neither 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.
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