Gensource Potash Closes $495,220 Private Placement

Gensource Potash Corporation (TSXV:GSP) announced has closed its previously announced non-brokered private placement financing.
As quoted in the press release:

The company raised gross proceeds of $495,220 through the sale of 7,074,571 non-flow-through shares at seven cents per share.
Each unit consisted of one common share and one-half common share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share at a price of 12 cents for a period of 24 months. The net proceeds from the sale of units will be used to advance engineering and begin environmental licensing work for Gensource’s first Lazlo area project, and general working capital purposes.

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