10:30 AM EST - Gensource Potash Corporation : Provided the following general business update to shareholders and to announce a scheduled shareholder conference call. The Company, in late March, in two separate news releases, announced two non-binding memorandums of understanding (“MOU”) with large, well established players in the North American agriculture industry, both of which are based in the USA. The subject of the MOUs was off-take for the future potash product from a Gensource production facility, and both MOUs were similar in that they contemplated the purchase of the full production from one of Gensource’s modules of 250,000 t/year production capacity for an extended period. With these MOUs now signed, Gensource is proceeding with the next steps, which are: 1) the negotiation of definitive off-take agreements based on the MOUs and, 2) Project financing based on the off-taker agreement(s). With these two items completed, the Company will proceed with construction of the first project as expeditiously as possible. Gensource Potash Corporation
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