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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

Post by mdjbrownon Aug 03, 2022 9:21pm
407 Views
Post# 34870024

The numbers pretty much say it all

The numbers pretty much say it all

The company issued 11,034,135 common shares for gross proceeds of approximately $3.9-million leaving approx 2 million shares on the table  

GSFC acquired a total of 9.1 million common shares for $3,185,000

55,000 shares purchased by all other insiders raised  -  $19,250


Of the total 14,058,282  million shares available, just 1,879,135 were purchased by those  shareholders not considered non insiders raised $657,697
 

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