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

Karnalyte Resources Inc

Bullboard Posts

Comment by phatdoggieon Mar 17, 2014 10:46pm

230 Views

Post# 22334096

RE:RE:The info on 2 financings is in this old release

Yes, i was thinking of them both in regards to time limits .I have read that GSFC will get another 555,555 shares if commercial production has not commenced by October 1,2016. I was also wondering if BNP Paribas and Natixis finance facility has any time limits and/or requiements that if building was delayed to long or any other reasons they could pull financing.

Thanks

Bullboard Posts

High-growth stock Happy Belly opens first Rosie's Burgers in Alberta