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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Comment by amhbon Jan 21, 2015 12:35am

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Post# 23342432

RE:dil

winspear1 wrote: Call Ron Love, he always says he is looking out for all the shareholders--right.

Ya because they are so good at spending money. If they do the $700 Million deal they have to pay a $1,000,000 to break the other: So why are they looking for other money. they have $300 Million??? Shareholders getting Sc&&&&ed again.

"The company has entered into an engagement letter pursuant to which it has engaged BNP Paribas and Natixis to act as lead arrangers for a senior secured project finance facility of up to US $300,000,000. If the facility is terminated the lead arrangers are entitled to a break fee in the amount of $500,000 each. "

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