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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

Bullboard Posts
Comment by MissingA9on Oct 16, 2015 2:01pm
174 Views
Post# 24199009

RE:RE:RE:RE:RE:RE:Everything touched turns to Manure!

RE:RE:RE:RE:RE:RE:Everything touched turns to Manure!Maybe they realized the deal would not see the light of day but they still wanted the finders fee?  So they went rogue and sent out a premature news release for some nefarious purpose?? Perhaps in the hope that it would force the deal through as shareholders might demand that it be accepted?? Failing that strategy maybe they are trying to sue claiming that KRN somehow scuttled the deal. 

Geeze I don't think I was too far off when I talked about lawsuits a couple weeks back and people thought that was crazy.  Everybody has their eye on that cash and wants a piece.  Potash ... whats that lol.  These scoundrels will divide up what cash is left and the company will be sold for pennies on the dollar - perhaps satisfying GSFC's desire all along while still ensuring all the vultures are fed.  Oh - and retail shareholders - we know what we will get investing in Canadian small cap stocks - deed of gift form after company ceases trading and a big capital loss!!!


mdjbrown wrote: I couldn't agree more redmile, that a little respect for shareholders goes a very long ways.....something that has been sorely lacking with all of the recent frivolous activity....... With that in mind, it makes no sense that this claim (if legit) is filed only 6 days after the initial proposal to acquire control of a company was made public.......Especially when considering we don't even know if this proposal has been verified as holding any merit by Dundee yet.............


Bullboard Posts