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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

Post by mdjbrownon Dec 06, 2020 6:51pm
188 Views
Post# 32046932

That is why this Dec 15th ballot is so unusual Resourse

That is why this Dec 15th ballot is so unusual ResourseWith all the director nominees oddly lumped together in 2 seperate but very distinct groups in the proxy, shareholders are left with confusing options.

The shareholders who feel they do not want to support GSFC can only vote for - as the GSFC rep is attached to the other nominees and there is no way to vote for the other management nominees.

To make things even more complicated, those shareholders who are completely fed up with the CSG's antics have only one option to vote withhold, as there is no way to vote for any of the csg nominees seperately.

Should be an interesting election considering GSFC alone controls the outcome of any further elections, thanks to the Rights Offering making this election rather mute.


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