Gensource Announces Director Departure
April 27 2018 - 6:00PM
Business Wire
Gensource Potash Corporation (“Gensource” or the
“Company”) (TSX.V: GSP). Today, Gensource announces
the departure of Dwayne Dahl as an independent director of the
Company.
Dwayne joined the board of Gensource on August 22, 2016 and
resigned on April 25, 2018 for personal reasons. His resignation
comes as the Company prepares for its annual general meeting,
planned for just over a month away.
Mike Ferguson, Gensource’s President & CEO, commented, “On
behalf of myself and the other directors of Gensource, we thank
Dwayne for his efforts and input to the Company during his tenure
as director. We wish Dwayne great success in his future
ventures”.
About Gensource
Gensource is based in Saskatoon, Saskatchewan and is focused on
developing the next potash production facility in that province –
but with a fundamentally different approach. 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.
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 to a specific market,
eliminating market-side risk; and (2) technical innovation which
will allow for a small and economic potash production facility,
which is much friendlier to the environment and less expensive and
time consuming to construct and operate - the output of which can
then be directed to the identified specific market.
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.
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 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 the establishment of vertical
integration partnerships and the sourcing of end use potash
purchasers. 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 relating to Gensource’s financial condition and prospects,
the ability to establish viable vertical integration partnerships
and the sourcing of end use potash purchasers could differ
materially from those currently anticipated in such statements for
many reasons such as: failure to settle a definitive joint venture
agreement with a party and advance and finance the 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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version on businesswire.com: https://www.businesswire.com/news/home/20180427005331/en/
Gensource Potash CorporationMike Ferguson,
306-974-6414President & CEOmike@gensource.ca
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