RE:Question from a shareholderAfter hearing from a shareholder in the accounting field, he mentioned it is possibble to record a Promisorry Note as cash alternatives depending on how it was structured, but he would need more info on terms of repayment, timelines etc. - here you go
March 27, 2018 - Karnalyte largely decommissioned the test cavern site in accordance with the operating permit from the Government of Saskatchewan
Q3 financials report: - Decommissioning liability -
178,000 as at Sept 31, 2018 Dec 21, 2018 Karnalyte reports to SEDI Filed 2018-12-27
Tx date 2018-12-21 | $KRN
Karnalyte Resources Inc. | Gujarat State Fertilizers and Chemicals Ltd.
3 - 10% Security Holder of Issuer
Direct Ownership | Common Shares
57 - Exercise of rights | $1,749,078
+10,288,697 vol
$0.17 each | 16,334,558 |
Dec 24, 2018 Karnalyte completes Rights offering -
approximately $2.3 million in proceeds https://www.newswire.ca/news-releases/karnalyte-completes-rights-offering-703443412.html 2018 Year end financials report: Decommissioning liability (note 8).
1,707 as at Dec 31, 2018 Note 8 - The undiscounted amount of estimated costs required to settle the obligations at
December 31, 2018 is $2,553,000 (2017 - $212,000) which are expected to be incurred in 2038.