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Karnalyte Resources Inc T.KRN

Alternate Symbol(s):  KRLTF

Chemicals Consumer Cyclical Advertising Agencies Basic Materials
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. It is focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. The Company owns the construction ready Wynyard Potash Project, with planned phase I production of 625,000 tonnes per year (TPY) of high-grade granular potash, and two subsequent phases of 750,000 TPY each, taking total production up to 2.125 million TPY. The Company is also exploring the development of the Proteos Nitrogen Project, which is a proposed small scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day (MTPD) of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.


TSX:KRN - Post by User

Karnalyte Resources Inc
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(494)
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Comment by mdjbrownon Jul 31, 2020 12:21am
174 Views
Post# 31347880

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

RE:RE:RE:RE:News! 6th press release posted on Sedar by CSG - responseGreat to see you back pp

Quite the mess brewing here, even when compared to the 2015 when the members of this new csg were a part of that 2015 csg.

This new csg is beating their drum that the board and interim CEO have been offside with TSX, ASC rules,and a long list of grievences going back the last 18 months.

My math is a little hazy, but until Sept 11, 2019 Mr. Wheatley was the CEO of Krn and Mr. Rowan was on the Board until Dec 23, 2019, so they would have been diirectly involved for 12 months of the csgs 18 months of grievances.

And yet this csg still backed Mr. Rowan as a director nominee who along with these members of the csg voted in favor of giving GSFC complete control of Krn through the Dec 2018 rights offering.

Now they want major shareholders who were lawsuit targets of this groups wrath to forget anything happened and join them on this outrageous merry go round that never seems to stop.


Confused yet?




Bullboard Posts
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