Gensource Potash Closes $256,280 Second Tranche of Placement

Gensource Potash (TSXV:GSP) announced it has completed Tranche two of its previously announced non-brokered private placement financing. Tranche one of the Offering consisted of the sale of 24,910,285 units at $0.07 per Unit for aggregate gross proceeds of $1,743,720.00. Tranche two of the Offering consisted of the sale of 3,661,144 Units at $0.07 per Unit for aggregate gross proceeds of $256,280.00.
The net proceeds from the sale of the Units will be applied to the acquisition cost of the mineral leases from Yancoal Canada Resources Co. Ltd. as announced on April 6, 2016, to advance project work in Gensource’s Vanguard Project Area and for general working capital purposes.
Connect with Gensource Potash (TSXV:GSP) to receive an Investor Presentation.