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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 Apr 06, 2022 8:39am
172 Views
Post# 34579752

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:summary of lawsuits

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:summary of lawsuitsbk, I dont recall in the history of the Karnalytes AGMs, seeing more than 72% of the total outstanding shares voted, which in itself is a huge turnout for publicly traded companies in most cases.

If I am not mistaken, between 2013 and 2016, it was agreed that both managent and GSFC would vote for each other which locked up the direction voting would take.

2015 showed just how powerful shareholders banding together could be ousting the then management through a dissident campaign

2017 election was the first year GSFC and managements vote opposed each other

2018 brought the letter to shareholders, lawsuits, accusations, and allegations of vote tampering

In 2019 the threat of GSFC facing difficulty in any election thereafter was eliminated due to their shares GSFC obtained in the rights offering.

2020, 2021 election results were dictated by GSFC, and I expect no different in 2022


As patos mentioned, it appears there has been some positive discussions regarding the Wynyard Potash Project, but it is very likely it will be on GSFCs terms.

Lets see what Q1 disclosure brings, and if there is anything interesting added to this years proxies

We should be hearing shortly about AGM dates, etc.

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