Gensource Potash Corp., Saskatoon, said on Jan. 25 it has extended its non-brokered private placement for gross proceeds of up to $10 million (GM Jan. 15, p. 36), which was to close on or about Jan. 25, to on or about the second week of February. The company said the move was made to accommodate investors.
The company intends to use the net proceeds from the sale of the offering to advance engineering and construction activities at the company’s Tugaske Project, and for general corporate and working capital purposes.