REG - Gensource Potash - Director Dealing
14/02/2023 07:00
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RNS Number : 8442P Gensource Potash Corporation 14 February 2023
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES
Director Dealing
LONDON, U.K., February 14, 2023 - Gensource Potash Corporation ("Gensource" or
the "Company") (TSXV: GSP, AIM: GSP) announces the following transactions by
PDMRs in the Company's Common Shares:
Michael Ferguson, Executive Director, acquired 50,000 Common Shares on
February 10, 2023, at $0.135 per Common Share and 50,000 Common Shares on
February 13, 2023, at $0.135 per Common Share; Alton Anderson, Executive
Director, acquired 50,000 Common Shares on February 10, 2023, at $0.14 per
Common Share; Michael Mueller, Non-Executive Director, acquired 140,000 Common
Shares on February 7, 2023, at $0.14 per Common Share; Amy O'Shea,
Non-Executive Director, acquired 100,000 Common Shares on February 13, 2023,
at $0.13 per Common Share and Deborah Morsky, Vice-President Corporate
Services and Corporate Secretary, acquired 37,000 Common Shares on February 8,
2023, at $0.14 per Common Share.
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 instrument Gensource Potash Corp Common Shares
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
$0.135 50,000
$0.135 50,000
d) Aggregated information
- Aggregated volume
- Price 100,000
e) Date of the transaction February 10, 2023
February 13, 2023
f) Place of the transaction TSX-V Exchange
d)
Aggregated information
- Aggregated volume
- Price
100,000
e)
Date of the transaction
February 10, 2023
February 13, 2023
f)
Place of the transaction
TSX-V Exchange
As a result, Michael Ferguson's total beneficial interest in the Company is
17,872,708 Common Shares, representing 3.95percent 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 instrument Gensource Potash Corp Common Shares
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
$0.14 50,000
d) Aggregated information
- Aggregated volume
- Price Same as above
e) Date of the transaction February 10, 2023
f) Place of the transaction TSX-V Exchange
d)
Aggregated information
- Aggregated volume
- Price
Same as above
e)
Date of the transaction
February 10, 2023
f)
Place of the transaction
TSX-V Exchange
As a result, Alton Anderson's total beneficial interest in the Company is
1,090,000 Common Shares, representing 0.24 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 instrument Gensource Potash Corp Common Shares
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
$0.14 140,000
d) Aggregated information
- Aggregated volume
- Price Same as above
e) Date of the transaction February 7, 2023
f) Place of the transaction TSX-V Exchange
d)
Aggregated information
- Aggregated volume
- Price
Same as above
e)
Date of the transaction
February 7, 2023
f)
Place of the transaction
TSX-V Exchange
As a result, Michael Mueller's total beneficial interest in the Company is
1,023,333 Common Shares representing 0.23 percent of the Company's issued
share capital.
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Amy O'Shea
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 instrument Gensource Potash Corp Common Shares
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
$0.13 100,000
d) Aggregated information
- Aggregated volume
- Price Same as above
e) Date of the transaction February 13, 2023
f) Place of the transaction TSX-V Exchange
d)
Aggregated information
- Aggregated volume
- Price
Same as above
e)
Date of the transaction
February 13, 2023
f)
Place of the transaction
TSX-V Exchange
As a result, Amy O'Shea's total beneficial interest in the Company is 360,000
Common Shares representing 0.08 percent of the Company's issued share capital.
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Deborah Morsky
2 Reason for the notification
a) Position/status Vice-President Corporate Services and Corporate Secretary
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 instrument Gensource Potash Corp Common Shares
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
$0.14 37,000
d) Aggregated information
- Aggregated volume
- Price Same as above
e) Date of the transaction February 8, 2023
f) Place of the transaction TSX-V Exchange
d)
Aggregated information
- Aggregated volume
- Price
Same as above
e)
Date of the transaction
February 8, 2023
f)
Place of the transaction
TSX-V Exchange
As a result, Deborah Morsky's total beneficial interest in the Company is
6,686,771 Common Shares representing 1.48 percent of the Company's issued
share capital.
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 (http://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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