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 Cacheitupon Apr 01, 2015 8:30pm

102 Views

Post# 23589585

RE:RE:Offtake

What I don't understand is that securities law stipulates the company wants to dilute/issue more shares they can not Issue more than I think 20/25% of the existing float without shareholder approval by means of a vote.

in fact I am nearly sure IThe figure is 20% because I think that's why GFSC were only sold 19.9% by Robin in the first place.

Robin is aware of this security law.

so why is everybody here so concerned? If as is claimed here that the majority of shareholders are in opposition to management how could they possibly succeed in stealing the company as many here believe?

Bullboard Posts

Paramount Resources signs $3.32 billion asset sale