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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
Post by MissingA9on Aug 08, 2016 5:29pm
190 Views
Post# 25120745

director voting

director voting
I have not received by packages in the mail and only briefly glanced at Sedar but I believe the director election is uncontested i.e. 6 board members proposed for 6 seats.  Depending on the voting (I don't believe this process is majority voting) each director only requires 1 vote to be appointed.  In such situations I seem to remember that witholding a vote for such director is the only option - I don't believe there is a yes or no option for each director.  Either yes or withold I think.  Witholding your vote for that individual is akin to voicing your disapproval.  So while the 3 GSFC directors will all be elected, if massive shares are withheld in sends a message to management that shareholders are not happy with those directors which often will incite change.

Someone who is very knowledgeable about proxy matters - can you please comment upon this?
Bullboard Posts