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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

Comment by mdjbrownon Jul 30, 2020 9:16am
184 Views
Post# 31342420

RE:RE:News! 6th press release posted on Sedar by CSG - response

RE:RE:News! 6th press release posted on Sedar by CSG - responseIt is truly frightening Ari, the lack of accountability that the csg is showing to the rest of the corporations shareholders, when the very approval of the troublesome Rights Offering in which they benefitted rests solely with them.

They ungraciously kick the company door in recently with very serious allegations against both GSFC and the corporations management and in doing so request a Special Meeting, 6 directors, and an corporate investigation in which those requests have all been granted, and still it is not good enough.

Clearly they understand their actions /  involvement in the corporation during their tenure will be scrutinized by those conducting the investigation, so their arrogance is just as baffling as GSFCs silence to date.

With every other dissident action thus far, GSFC has always responded with a press release in their defence of any allegations, and yet now when they are being painted in the worst light ever, not a peep from them. 

I think there is much more behind what is really going on here Ari that is summed up fairly well in a movie I recently watched -  

"The moment you think you got it figured, you're wrong!"


Good luck to all shareholders as this drama unfolds, as I am beginning to think we are going to need it.

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