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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 01, 2021 8:02pm
193 Views
Post# 33480403

RE:RE:RE:Clear message from shareholders not named GSFC

RE:RE:RE:Clear message from shareholders not named GSFCBiz, I am not so sure it is as much shareholder indifference as the reality that the now CSG approving the Rights Offering tilted the scale so far in GSFCs favor on the ballot, that shareholders including the CSG really cant make any difference when it comes to their vote?

Now GSFC controls the boardroom and the ballot, and until some of the allegations surrounding the Rights Offering are proven and make it higher up the foodchain, it is what it is.


If you want some good reading material, pull up the November 14, 2018 - 14:47 ET Letter to Shareholders filed under "other" on SEDAR explaining the nitrogen project and how great it was going to be for shareholders.

Then read the Rights Offering Circular filed earlier the same day.

Funny how only 2 Letter to Shareholders were ever written, and both right before big events

Big dreams by then directors / now CSG members that never materialized, and the rest of the shareholders paid dearly for that gamble on both counts.
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