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 Feb 19, 2016 4:12pm

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Post# 24576464

RE:RE:New Share Issue for 51%

I am hoping for more. When I evaluate everything I have heard and if I read it correctly even mdj's number started there. I am just throwing it out there and let us hope we get a nice surprise. Nanda's comments are a reference point. Now that I think of it, if they only buy 20% then and the balance through affiliates, then it could average up.

One thing is certain, it will never be higher than what they have already paid. They are providing the financing which will factor in.

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