Gensource Capital Corporation

TSX VENTURE : GSP


Gensource Capital Corporation

February 07, 2013 17:13 ET

Gensource Capital Announces Board Changes

SASKATOON, SASKATCHEWAN--(Marketwire - Feb. 7, 2013) - Gensource Capital Corporation ("Gensource" or the "Company") (TSX VENTURE:GSP) announces that Mr. Norman Brewster is stepping down as Chairman and director of Gensource Capital Corporation for personal reasons. We would like to thank him for his service and wish him well.

Mr. Michael Newman director of Gensource Capital Corporation has been appointed as interim Chairman until the next annual general meeting to be held in June of this year. The Company will be undertaking a Board review and will report at the annual meeting.

"I would personally like to thank Norm for his guidance and advice; he is a seasoned resource veteran. I am pleased that Michael has agreed to step in as Chairman and I look forward to working with him to build a great company," said Alan Cruickshank President and CEO of Gensource Capital Corporation.

About Gensource Capital Corporation

Gensource Capital Corporation is a merchant bank based in Saskatoon, Saskatchewan, focused on developing resource opportunities. The primary project is a wholly-owned subsidiary, Gensource Potash Corp., also based in Saskatoon, Saskatchewan. Gensource Potash Corp. is led by Mike Ferguson P.Eng., President and CEO. Mr. Ferguson has assembled a world class management team with direct and specific interest in potash development.

This news release contains forward-looking statements, including statements regarding the completion of the Offering and the use of proceeds of the Offering. These statements are based on certain factors and assumptions, including expected growth, results of operations, performance and business prospects and opportunities. While the Company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. A number of factors could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to results of exploration, project development, reclamation and capital costs of the companies in the merchant banking portfolios ("investee companies"), and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for the minerals the investee companies expect to produce; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company and investee companies. Additional risks and uncertainties can be found in our Management's Discussion and Analysis and in filings with the Canadian provincial securities commissions. Forward-looking statements are given only as at the date of this news release and the Company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Gensource Capital Corporation
    Alan Cruickshank
    President & CEO
    (306) 974-6406
    alan@gensource.ca