Karnalyte Resources Inc T.KRN

Alternate Symbol(s): KRLTF

Karnalyte Resources Inc. is a Canada-based development stage company. The Company is engaged in the exploration and development of its property and possible construction of a production facility and development of a potash mine. The property is situated in Saskatchewan, south of Wynyard and contains a dominant zone of potash and magnesium minerals. Its Wynyard Potash Project is a Carnallite/Sylvinite solution mining project in central Saskatchewan. It has a 100% interest in KLSA 010, KL 247A, and KL 246 mineral leases comprising approximately 367 square kilometers (km2) (90,766 acres) of mineral rights. It also owns around 4,100 acres of surface land. The project is located approximately 190 km east of Saskatoon, SK, or 176 km north of Regina, SK. It is also exploring the development of the Proteos Nitrogen Project. The Proteos Nitrogen Project is an advanced stage development project consisting of a proposed small-scale nitrogen fertilizer plant to be located in Central Saskatchewan.

TSX:KRN - Post by User

Karnalyte Resources Inc

Bullboard Posts

Post by tuktuon May 25, 2015 3:20pm

332 Views

Post# 23761845

old board gets a 'thank you'

I had phone conversations with both [now ex-CEO] Stephen Goodman, and Robin Phinney in the past few weeks. Both of these men had no kind words for the other, and said plainly that each 'side' of the issue was totally unacceptible.
So why would the May 21 news release finish with...
..."Karnalyte thanks the departing directors and officers for their service".
Was the 'service' to eat up about $10,000,000 of cash on hand in the past 12 months?
Wow, I could have done it for a lot less.

Bullboard Posts

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