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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 howlongon Feb 11, 2019 9:47am
201 Views
Post# 29346231

Visit to the Calgary court

Visit to the Calgary court I took the time to visit the Calgary court to attempt and view the court documents. Unfortunatley they are not available until after Feb 13 because they are being studied in preparation for the court case scheduled to begin April 4. By the way, court documents are not allowed to be removed from the court building and it cost $10 to view them.
On a seperate note. if you go to Canlii.ca and select Alberta and type Karnalyte  into the first field of the search tool you get a list of judgements in all the various court cases. Including the latest from Mr. Phinney: Dated June 1,2018


The Alberta Securities Commission (the Commission) has received an application from Robin Phinney (the Filer) under the Business Corporations Act (Alberta) (the ABCA) for an order (the Exemption Sought) pursuant to section 151(a) of the ABCA exempting the Filer from the requirements of section 150(1)(b) of the ABCA in connection with the next meeting (the Meeting) of the shareholders (the Shareholders) of Karnalyte Resources Inc. (Karnalyte) at which directors of Karnalyte are to be elected. 



   The order of the Commission under the ABCA is that the Exemption Sought is granted provided that the Filer complies with all of the following: 
(a)               the Public Solicitation complies with the requirements of paragraphs 9.2(4)(a),
(c) and (d) and subsection 9.2(6) of NI 51-102;
 
(b)               the Non-Public Solicitation is made to not more than 15 Shareholders (provided that for such purposes, two or more persons or companies who are joint registered owners of one or more Shares are considered to be one Shareholder); and
 
(c)               a copy of this order is provided to Karnalyte.


Certainly I am no lawyer and I am very glad that I never had to go to a court building before and I hope to never go again. The building and the people in it are oppressive and full of discouragement, loss, grief, hopelessness, anger, fear and disillusionment.

howlong
Bullboard Posts