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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 Nov 24, 2020 9:26am
148 Views
Post# 31959562

RE:RE:Karnalyte proxy and Management circular out on SEDAR

RE:RE:Karnalyte proxy and Management circular out on SEDARAri, as has been the case in previous AGMs, the timeline to register your vote is very tight with only 14 business days to recieve your proxy, and have it returned prior to 9:30 am Dec 11, 2020

I dont think ballots returned by mail would make it on time, which only leaves online voting, if your proxy information arrives on time.

This gives the csg very little time to respond with their proxy solicitation as they will need to first get an exemption by the ASC.

I have never seen an election that lumps everyone together not allowing shareholders the opportunity to vote for each nominee on a person by person basis, so I am very curious to see how many ballots are marked For and Withhold.

Any shareholders upset with GSFC and the csg are really only given that option, even if they like and want to vote for Mr Anjaria and Mr Scherman.

Should be interesting, but as with any corporate proxy, shareholders need to educate themselves regarding their choices with the designation line on the proxy form and the consequences of leaving a ballot blank.





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