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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 businessenseon Feb 06, 2016 10:17pm
120 Views
Post# 24532746

RE:RE:RE:RE:RE:RE:RE:2016 plans moving forward

RE:RE:RE:RE:RE:RE:RE:2016 plans moving forwardGot it. And the worst thing of any new company, is having directors you can't trust. As to all the reasons I doubt we will be clear on all the facts. All I was told he had under control but clearly did not, so I see it from a very different perspective for either not knowing better being untruthfull despite knowing which heard later. I know BMO was pressuring to shelve the project. So there may be more to this than you think. Fact could well be that the last management where catering to that scenario. Depend who you want to believe.

As for raising Money on his own that is the first I hear about it.

Not much we can do to change it. Let's hope they finally sort it out. Either way it has been a real cluster----.
Bullboard Posts