Gensource Announces the Appointment of Amy O’Shea as Independent Director
Gensource Announces the Appointment of Amy O’Shea as Independent Director
SASKATOON, Saskatchewan--(BUSINESS WIRE)--March 23, 2020--Gensource Potash
Corporation (“Gensource” or the “Company”) (TSX.V: GSP), a fertilizer development
company focused on sustainable potash production, is extremely pleased to announce that Amy
O’Shea has agreed to join the board of directors of the Company effective April 1, 2020.
“We are so pleased Amy has agreed to join Gensource as a Director. With her strong background
providing agricultural solutions, combined with her proven senior executive management and
leadership skills, we see direct and tangible outcomes as the Company continues to evolve and
create a new and independent potash supply chain,” commented Mike Ferguson, President and
CEO of Gensource.
Amy brings a stellar 27-year career in the agricultural industry, starting out with an innovative
non-chemical bio-pesticides company. Subsequently, she held successively more senior roles
with FMC Corporation, ultimately holding the position of Vice President and Business Director,
North America Agricultural Solutions. Her track record within FMC shows a leadership and
management ability to take difficult situations and turn them around to create thriving and
profitable business units. Amy’s leadership and knowledge in this area specifically, together with
her deep understanding of the agricultural marketplace makes her a perfect fit for a director role
at Gensource. Her guidance will be key as Gensource begins its transition from a project
development company to a sustainable producer of potash.
Amy is currently President & CEO of Certis USA, a leading bio-pesticide manufacturer and
distributor, and she is a board member of Intag Systems, a company focused on biological
solutions to help reduce the environmental impacts of food production while increasing yields
for farmers.
“I’m honored to join the Gensource board of directors because I believe the company is taking an
innovative, more sustainable, and environmentally friendly approach to potash production. Their
differentiated business model and go to market strategy will be uniquely valuable to both
growers and future investors,” stated Amy O’Shea.
Mike Ferguson further commented, “Gensource sees itself as evolving into a manufacturer
within the fertilizer sector. We are creating an independent supply chain in the fertilizer industry
to serve the needs of the end consumer, the farmer, and we look forward to gaining from Amy’s
expertise as we make this growth transition.”
About Gensource
Gensource Potash is a fertilizer development company based in Saskatoon, Saskatchewan and is
on track to become the next fertilizer production company in that province. With a small scale
and environmentally leading approach to potash production, Gensource believes its technical and
business model will be the future of the industry. Gensource operates under a business plan that
has two key components: (1) vertical integration with the market to ensure that all production
capacity built is directed, and pre-sold, to a specific market, eliminating market-side risk; and (2)
technical innovation which will allow for a small and economic potash production facility, that
demonstrates environmental leadership within the industry, producing no salt tailings, therefore
eliminating decommissioning risk, and requiring no surface brine ponds, thereby removing the
single largest and negative environmental aspect of potash mining.
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.
Caution Regarding Forward-Looking Statements
This news release may contain forward looking information and Gensource cautions readers
that forward- looking information is based on certain assumptions and risk factors that could
cause actual results to differ materially from the expectations of Gensource included in this news
release. This news release includes certain "forward-looking statements”, which often, but not
always, can be identified by the use of words such as "believes", "anticipates", "expects",
"estimates", "may", "could", "would", "will", or "plan". These statements are based on
information currently available to Gensource and Gensource provides no assurance that actual
results will meet management's expectations. Forward-looking statements include estimates and
statements with respect to Gensource’s future plans, objectives or goals, to the effect that
Gensource or management expects a stated condition or result to occur, including the
establishment of vertical integration partnerships and the sourcing of end use potash purchasers.
Since forward-looking statements are based on assumptions and address future events and
conditions, by their very nature they involve inherent risks and uncertainties. Actual results
relating to Gensource’s financial condition and prospects, the ability to establish viable vertical
integration partnerships and the sourcing of end use potash purchasers could differ materially
from those currently anticipated in such statements for many reasons such as: failure to settle a
definitive joint venture agreement with a party and advance and finance the project; changes in
general economic conditions and conditions in the financial markets; the ability to find and
source off-take agreements; changes in demand and prices for potash; litigation, legislative,
environmental and other judicial, regulatory, political and competitive developments;
technological and operational difficulties encountered in connection with Gensource’s activities;
and other matters discussed in this news release and in filings made with securities regulators.
This list is not exhaustive of the factors that may affect any of Gensource’s forward-looking
statements. These and other factors should be considered carefully and readers should not place
undue reliance on Gensource’s forward-looking statements. Gensource does not undertake to
update any forward-looking statement that may be made from time to time by Gensource or on
its behalf, except in accordance with applicable securities laws.
Contacts
Gensource Potash Corporation:
Mike Ferguson, President and CEO
Telephone: (306) 974-6414
Email: [email protected]