SASKATOON, Saskatchewan / ACCESSWIRE / September 10, 2014 / Gensource Potash Corporation (“Gensource” or the “Company”) (TSX.V: GSP) announces changes to its Board of Directors.
Gensource announces today that Steve Halabura, P.Geo F.E.C. (HON), will be changing his role with Gensource Potash. Steve has been a Director of the company. As of September 9th, Steve resigned as a Director and will instead take up a role on the company’s Advisory Board.
The Advisory Board is intended to help guide the Company on technical and project design matters as it develops its potash projects. Steve’s experience as an exploration geologist and, more specifically, his expertise in pinpointing prospective potash resources within Saskatchewan’s Prairie Evaporite deposit, represents the technical expertise that will allow him to play a strong role on the Advisory Board.
Gensource has spent the past year reorganizing the company to focus solely on a new potash development. With this change, the company has completed the re-structuring of the existing company and now stands ready, on a very solid foundation, to continue its path towards developing a new potash project in Saskatchewan. That path will, no doubt, bring further change to the company, but starting with a strong foundation, future growth will be more stable, strategic and successful.
Mike Ferguson, Gensource’s Chairman of the Board and President & CEO, provided the following comment: “We wish to thank Steve for his outstanding service to the company over the past several years. Steve was a founding member of Nexxt Potash, a private company that, following the transaction that saw Augen Capital acquire Nexxt Potash in 2012, really forms the backbone of Gensource. Steve has been instrumental in selecting project locations for so many projects in Saskatchewan and Gensource’s current project focus, Lazlo, is just the latest example of his work. At the same time as thanking Steve for his past service to the company as a Director, we welcome him to the Advisory Board where I know he will make a strong contribution. Thanks Steve, and welcome aboard!”
About Gensource
Gensource is based in Saskatoon, Saskatchewan and is focused on developing potash projects in Saskatchewan, but doing so with a strong link to the end-user market for potash. Gensource’s President & CEO, Mike Ferguson P.Eng., has assembled a management team with direct and specific experience in Saskatchewan potash development. Gensource’s Advisory Board comprises globally-recognized experts on the key aspects of potash drilling, mining and processing technologies as well as local construction and business development expertise and experience. Gensource believes its technical expertise will allow it to develop a smaller scale, quicker-to-market and much more easily funded project, with excellent economics, freeing it from the requirement to raise billions of dollars in construction capital and the requirement to market millions of tonnes of potash in a market that is so tightly serviced.
For further information please contact:
Gensource Potash Corporation
Mike Ferguson, President & CEO
Telephone: (306) 974-6414
Email: mike@gensource.ca
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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Certain of the statements and information in this news release constitute “forward-looking information” within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking INFORMATION.
This forward-looking information reflects management’s current expectations with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to risks and uncertainties. These assumptions include: that the results of the confirmatory drilling, and Any future preliminary economic assessment on the Lazlo project will be positive, the receipt of the necessary permits, the ACCOMPLISHMENT of the company’s proposed steps and milestones, and the availability of financing. Many factors, both known and unknown, could cause actual results or future events to be materially different from the results or events that are expressed or implied by the forward-looking INFORMATION contained in this News Release. The Company does not intend, and does not assume, any obligation to update this forward-looking information should circumstances or management's expectations, assumptions or opinions change, except as required by law.
Source: Gensource Potash Corporation