11:50 AM EST - Gensource Potash Corporation : Announced a non-brokered private placement of units at a price of $0.07 per Unit for aggregate gross proceeds of up to $800,000.00 (11,428,572 shares). Each Unit will consist 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 $0.12 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. Gensource Potash Corporation
shares V.GSP are trading down $0.01 at $0.06.
