Gensource Announces $10 M Private Placement

Junior miner Gensource Potash Corp., Saskatoon, on Jan. 13 announced a proposed best efforts non-brokered private placement for gross proceeds of up to $10 million, which will consist of the sale of up to 55,555,556 common shares. Net proceeds from the sale will advance engineering and construction activities at the company’s Tugaske Project and for general corporate and working capital purposes.