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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

Comment by mdjbrownon Dec 05, 2020 10:19am
157 Views
Post# 32043654

RE:RE:RE:RE:RE:Farmer Logic

RE:RE:RE:RE:RE:Farmer LogicEC,  when you use the word puppets to GSFC, what exactly was the previous board in your eyes?

Our company was given away to GSFC through a mysterious Rights Offering, even though to a man each director was elected into the board in 2017 to prevent GSFC gaining control.

A group of directors holding lots of shares put in place to protect every other shareholders interests.

Every one of them were very suspicious of GSFCs intentions going in to the board and yet not only did  they vote to dilute all other shareholders holdings by 50%, but they doubled their own holdings and almost tripled GSFCs holdings on the way out the door 

How is that even explained logically?

Unless of course a deal was made, and likely why now the csg is crying foul!
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