Gensource Potash (TSE:GSP) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Gensource Potash Corporation has extended the maturity dates of promissory notes totaling $300,000 from June 25 to December 24, 2024. These notes, held by CEO Michael Ferguson and directors Wayne Brownlee and Stephen Dyer, are unsecured and carry a 0% interest rate. The modification of the terms is classified as a ‘related party transaction’ but is exempt from formal valuation and minority shareholder approval.
For further insights into TSE:GSP stock, check out TipRanks’ Stock Analysis page.