SASKATOON, Sept. 21, 2016 /CNW/ - Gensource Potash
Corporation ("Gensource" or the "Company")
(TSX.V: GSP) is pleased to announce that Mr. Paul Neufeld, P.Eng., joined the company
effective September 15, 2016. Paul
will assume the role of Project Manager with overall responsibility
for executing the feasibility study for the first small scale
project at Gensource's Vanguard area.
Mr. Neufeld has 11 years of practical project experience as a
project manager, project engineer, risk analyst, structural
engineer, and construction coordinator, primarily focusing on heavy
industrial projects for the potash, uranium, and other mining
sectors in Saskatchewan. Prior to
joining Gensource, Paul was a partner and Vice President at ENGCOMP
Engineering Computing & Professionals Inc., a private
engineering consulting firm in Saskatoon where he supervised operations,
business development, and the financial and accounting aspects of
the company. Additionally, Paul filled roles in project
management, capital cost estimating, planning and scheduling, risk
and decision analysis, and quantitative modelling. Over the
course of his career as a project manager, Paul has directed and
led many multi-disciplined brownfield and greenfield mining
projects, of varying size and scope. Paul brings with him a natural
energy and ability to get things organized and get things done.
Paul is a registered Professional Engineer, holding a B.Sc. with
Great Distinction in Civil Engineering. He is currently finishing
his MBA, rounding out his training in line with his substantial
business building experience. Mr. Neufeld also continues to
actively be involved with the University of
Saskatchewan and its College of Engineering, specifically as
a sessional lecturer on Project Management for 4th year
students. He is also a member of the College of Engineering
Project Management Task Force, which is established to assess and
advance the inclusion of project management education into the
undergraduate curriculum. Paul is actively involved in his
professional community, as a member of the Canadian Institute of
Mining and Metallurgy (CIM), the Association for the Advancement of
Cost Engineering International (AACEI), and the local chapter of
the Project Management Institute (PMI). Paul also takes part
in the Saskatoon Young Professionals and Entrepreneurs (SYPE)
network, and is a founding board member of the Young Professionals
Group of the Association of Consulting Engineering Companies in
Saskatchewan (ACEC-SK).
Mike Ferguson, Gensource's
Chairman of the Board and President & CEO, commented, "We are
excited to welcome Paul to Gensource. With his strong
background in project management coupled with his practical
experience on executing real projects in the potash industry, Paul
will add tremendous value to Gensource and its projects – starting
with the feasibility study planned for kick off in the next weeks,
and extending into the future as Gensource prepares to moves its
unique projects, step by step, into production. Further, by
adding Paul to the group, Gensource Potash is deliberately sending
a signal that our projects will be developed according to our
business plan and model: vertically integrated; sized to fit
partner-customer requirements, and; innovative in mining and
processing technologies. Paul will be instrumental in helping
Gensource begin its move towards 'Potash 2.0' "
About Gensource
Gensource is based in Saskatoon,
Saskatchewan and is focused on developing the next potash
production facility in that province. Gensource's President and
CEO, Mike Ferguson, P.Eng., has
assembled a management and technical team with direct and specific
expertise and experience in potash development in Saskatchewan.
Gensource operates under a business plan that has two key
components - vertical integration with the market to ensure that
all production capacity built is directed to a specific market,
eliminating market-side risk; and, technical innovation which will
allow for a small and economic potash production facility,
the output of which can then be directed to a single, specific
market.
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 expected timing for release of a
resource estimate and a preliminary economic assessment, as well as
a feasibility study, and 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, among
other things, results of exploration, the economics of processing
methods, project development, reclamation and capital costs of
Gensource's mineral properties, 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: changes in general economic
conditions and conditions in the financial markets; the ability to
find distributors 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.
SOURCE Gensource Potash Corp