Karnalyte Resources Inc T.KRN

Alternate Symbol(s): KRLTF

Chemicals Consumer Cyclical Chemicals Advertising Agencies

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

Post by winspear1on Apr 01, 2015 1:15pm

100 Views

Post# 23587490

Ex CEO Mr. Drolet

Why did he resign???
Why is the company reluctant to inform shareholders of his buyout?
Did he get wind of some sleazy deal and decide he wanted no part of it? If so did
he make a sweetheart deal with a buyout to silence him? If he did find out about some underhanded plan was it not then his responsibility as CEO to let shareholders know?
Or did he just take the money and run.

When you lie with dogs you get fleas.

Bullboard Posts

Global Tungsten Market and Supply Security