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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. It is focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. The Company owns the construction ready Wynyard Potash Project, with planned phase I production of 625,000 tonnes per year (TPY) of high-grade granular potash, and two subsequent phases of 750,000 TPY each, taking total production up to 2.125 million TPY. The Company is also exploring the development of the Proteos Nitrogen Project, which is a proposed small scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day (MTPD) of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.


TSX:KRN - Post by User

Bullboard Posts
Post by phatdoggieon Mar 15, 2014 7:03pm
343 Views
Post# 22328205

Financing ?

Financing ? Does any one know the terms of the two seperate financing deals? What i mean is there time limits and or requirments that could have one or both deals fall apart. Thats is our only problem i could see happen. The market is just punishing krn and when the last 150 million financing happens  the share price would go back to highs, mr market likes to punish and reward he does not play fair.
Bullboard Posts