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 amhbon Jan 02, 2015 1:51pm

258 Views

Post# 23280333

RE:RE:Financing in the works?

For a non-board member to report "distracting" that the 2nd largest shareholder should be ignored? Only after a public announcement concern shareholders, they say ANYTHING?

Such a "pain" to listen to shreholders who OWN the company.

I agree they got to go.

RoadHouse wrote:

Jimmy2014 wrote: .... This means that, in addition to forcing the corporation to incur material costs associated with a distracting and unnecessary proxy contest, the dissident intends to recover his costs from the corporation. Based on other proxy contests, these costs could be in the hundreds of thousands of dollars. The corporation believes this would be a poor use of the corporation's cash.

The board has failed to make any meaningful progress with my investment and needs to go! This proposed financing is too little, too late.