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Gensource settles $1.48M debt by issuing nearly 9.87M shares, boosting its balance sheet for potash project growth.

Company Fundamentals
25 May 2026
Newsfile Corp
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Bullish
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Gensource Potash Corporation agreed to settle $1.48 million of unsecured debt by issuing 9,866,668 common shares at $0.15 each to four company directors. This related party transaction strengthens Gensource's balance sheet and aligns directors' interests with shareholders. The move supports the company's next development phase, including the expansion of its Tugaske potash project. The share issuance requires TSX Venture Exchange approval and will be subject to a four-month hold period.

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