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 Aug 13, 2016 11:02am

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Post# 25138748

RE:RE:RE:Governance

All that said, I am only refering to the governance question. A deal is in place and if they accept the governance as proposed by the 30th, is going shareholders really an extentions? I am certain most would want to vote on it. Essentially, the ball sort of reverts back to KRN with no obligation. They can table anything at any time.

I was merely providing a rational against the Governance issue.

Something I recently learnt is that they had the choice to invest in the project but chose to invest as a shareholder given the cost would be lower anticipating other investors at the time given how the market was buzzing.

Again, we will see what tune they sing at the AGM.

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