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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

Bullboard Posts
Post by winspear1on Mar 04, 2016 5:05pm
188 Views
Post# 24624308

WHO IS MAKING WHAT ON A POSSIBLE DEAL WITH GSFC?????

WHO IS MAKING WHAT ON A POSSIBLE DEAL WITH GSFC?????Maybe KRN can answer this question.   If the deal goes thru who will be making what and

are they looking out for the best interests of shareholders or their own bank accounts?

Is there any GSFC boardmembers due finders fees for this deal and if so who are they

and how much do they stand to make.  They should obviously not be eligible to vote on any

arrangements if it is put before the shareholders.

Are any of the KRN employees due large paychecks if a deal goes thru even if it is

not beneficial to the shareholders---excluding GSFC.

I believe all shareholders have the right to know who stands to benefit.  If they are only

looking to pad their own bank accounts at our expence then they should be terminated.

I have no problem with some people getting a piece of the pie if they have been instrumental

in putting together a deal BUT THAT DEAL SHOULD NOT SELL THE SHAREHOLDERS OUT.

ROBIN PLEASE GET A HANDLE ON THIS CIRCUS B4 IT GET COMPLETLY OUT OF HAND.

If these employees are getting paid by the company they owe their allegiance to the company

and not themselves. 

GSFC OWNS 20 PERCENT OF KRN BUT THEIR IS ANOTHER 80 PERCENT THAT THE

REST OF US OWN.

JMHO
Bullboard Posts