IN BRIEF: Gensource Potash extends convertible bond maturity date

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Gensource Potash Corp - Saskatchewan, Canada-based fertiliser development company - Extends maturity date of each of its 5% convertible debentures from June 2023 to June 2024. Says company directors hold around $1.8 million in debentures. The convertible debentures were first issues in October 2021 at $2 million. Also announces it has granted an aggregate 15.4 million stock options, of which 14.9 million were granted to directors and senior officer at a price of $0.125 per share and are exercisable for a period of five years.

Current stock price: 12.50, trading flat on Monday

12-month change: down 43%

Copyright 2023 Alliance News Ltd. All Rights Reserved.