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Gensource settles $1.48M debt by issuing nearly 9.9M shares to directors, supporting its potash growth plan.

Company Fundamentals
02 Jun 2026
Newsfile Corp
View Source
Bullish
pluang ai news

Gensource Potash Corporation issued 9,866,668 common shares at $0.15 each to settle $1.48 million in unsecured promissory notes owed to four company directors. This share issuance is a related party transaction exempt from formal valuation and minority approval due to its size relative to market capitalization. The move strengthens director support and aligns with Gensource's strategy to advance sustainable potash production using innovative, modular technology. The shares are subject to a four-month hold period before trading. This transaction reinforces confidence in the company's long-term growth and environmental leadership in fertilizer production.

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