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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
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Comment by winspear1on May 07, 2015 11:03am
211 Views
Post# 23704090

RE:RE:Who got the $899,000 payoff?

RE:RE:Who got the $899,000 payoff?I would have to agree and my hope is that they plan on revisiting all of these payouts once

the company is recovered. 

I wonder if the BOD insurance will cover these people in lawsuits if it is found they did not

comply with their fiduciary duty in this whole mess?

Regards




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