Karnalyte Resources Inc T.KRN

Alternate Symbol(s): KRLTF

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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 businessenseon Oct 08, 2015 9:42am

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Post# 24174762

RE:RE:RE:RE:What is the Market Saying?

Veto power was included at the very beginning. For the rest, don't forget the $2mm might have been paid out to BNP.

I really don't care to go down the road of " he said she said". I am also not going to repeat myself that I do not think GSFC was in control. They were not on the committe evaluating the deal. That would have been a conflict. Speculate all you want, but do try to be accurate with the facts.

Personally I don't care anymore and everyone needs to move forward. The deal is a third of what he was hoping for, no longer his and better than nothing.

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