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.

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Karnalyte Resources Inc

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Post by crazytownon Jul 09, 2014 10:10pm

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Post# 22731042

RE:RE:RE:RE:Bonuses

Thanks mdjbrown. If I counted correctly that adds up to a dilution of the current float by almost 2.5%!!!!!! Does anyone else find this absolutely outrageous under the circumstances. If this is any sign as to how the money is being managed, yiiiiikes. I'm starting to understand why the funds were dumping. Also starting to wonder if there is something else we don't know, cus honestly who saw all this internal bull and Robyn being gone coming. Getting rid of the founder and immediately giving nice fat bonuses. WOW! Just my opinion, good luck to all.

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