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Bullboard - Stock Discussion Forum 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... see more

TSX:KRN - Post Discussion

Karnalyte Resources Inc > Rights Offering
View:
Post by FYFTMI on Jun 24, 2022 11:53am

Rights Offering

Last day is today
Comment by mdjbrown on Jun 24, 2022 12:01pm
FYF, there may be some confussion as the Circular states The Company is issuing transferable rights (“Rights”) to the holders (“Shareholders”) of our outstanding Common Shares of record at the close of business (5:00 p.m. Eastern time) on June 28, 2022 (the “Record Date”)
Comment by FYFTMI on Jun 24, 2022 12:08pm
to be the holder record on 28th, you would have to buy in today don't miss it if that's what you intend to do.
Comment by bigkagan on Jun 24, 2022 3:22pm
I checked my  BMO trading account for KRN.RT and there is no such thing. I'll probably have to call them on a phone and it's like 30 min. wait before somebody answers - so I'll let it go this time, especially in order to get this money I'll have to sell some of my tech stocks which are flying today
Comment by mdjbrown on Jun 24, 2022 3:58pm
bk, I dont think you will see anything in your account yet, as the 28th is the date of record for those holding shares. Those rights likely wont show up in your investment account until next week.  As it states 3 rights and .35 cents will be required for one common Krn share. "The Toronto Stock Exchange reports that Karnalyte Resources Inc. will issue one right per share held on June ...more