SASKATOON, June 8, 2016 /CNW/ - Gensource Potash Corporation ("Gensource" or the "Corporation") (TSX-V:GSP) announces that it has granted an aggregate of 3,700,000 stock options, of which 3,000,000 were granted to certain directors and senior officers of the the Corporation at an exercise price of $0.06 with an expiration date of June 6, 2021. The options were granted under the Corporation's Stock Option Plan and each stock option entitles the holder to acquire one common share.
Gensource is based in Saskatoon, Saskatchewan and is focused on developing the next potash production facility in that province. 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.
SOURCE Gensource Potash Corp
For further information: Gensource Potash Corporation: Mike Ferguson, President and CEO, Telephone: (306) 974-6414, Email: [email protected]