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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

Post by mdjbrownon Jul 24, 2020 11:25pm
310 Views
Post# 31317995

Shout out to Karnalyte and GSFC

Shout out to Karnalyte and GSFCYou have been given a glorious opportunity to do the right thing, and in doing so, putting and end to this troubling and hypocritical csg endeavor.


While 4 members of the new concerned group were in charge as directors in Karnalyte, the founder and another original shareholder were publicly and maliciously attacked by the corporation through baseless allegations.  These allegations were later thrown out by a senior judge after a very expensive lawsuit for all parties involved.


The right thing to do now is to make those shareholders whole again, as they should never have been forced to spend hundreds of thousands of dollars in legal fees against baseless, unfounded, malicious allegations against them. That does not even account for the sleepless nights, loss of income, loss of reputation, loss of freinds, and all the other demons attached to being falsely accused publicly.


These 2 shareholders and their supporters alone make up for more than 13% of the corporations outstanding shares, and with their support this Special Meeting is a complete waste of time when adding that 13% to GSFCs 38%.


I cant speak for these 2 shareholders, but it should be a no brainer for the new board to make things right with the founder of the company and the other original shareholder as they make up some of the corporations largest shareholder base.

This company will never move forward if it is continually bogged down in litigation.  Time to break free from that culture and move forward for the betterment of all shareholders.


Doing what’s right, to make things right should not be that hard of a decision for the new board, and in return certain problems are all of a sudden no longer relevant.
 
Just sayin!

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