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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 Jun 24, 2022 12:46am
185 Views
Post# 34779326

RE:RE:RE:RE:RE:Annual Meeting

RE:RE:RE:RE:RE:Annual MeetingFYF, These rights will trade on the open market just like they did the last go round



Find it interesting that there is an Additional Subscription Privilege  -

What is the Additional Subscription Privilege and how can you exercise this privilege?

Registered holders of Rights A holder of a Rights Certificate who is not an Ineligible Shareholder and who has exercised all the Rights evidenced by such Rights Certificate (i.e., exercised their Basic Subscription Privilege in full) may subscribe for Additional Common Shares, if available, at the Subscription Price. Additional Common Shares will be allocated from those Rights, if any, available as a result of Rights that are unexercised by the Expiry Time. A holder who exercises the Additional Subscription Privilege will receive the lesser of: (i) the number of Common Shares that holder subscribes for under the Additional Subscription Privilege; and (ii) the number of Common Shares that is equal to the aggregate number of Common Shares available through unexercised Rights multiplied by the quotient of the number of Rights previously exercised by such holder under the Offering divided by the aggregate number of Rights previously exercised under the Offering by holders of Rights that have subscribed for Common Shares under the Additional Subscription Privilege. A Rights holder may subscribe for Additional Common Shares by: (i) completing Form 2 of the Rights Certificate, and (ii) delivering the Rights Certificate, together with payment for those Additional Common Shares, to the Rights Agent before the Expiry Time. If payment for all Additional Common Shares subscribed for pursuant to the Additional Subscription Privilege does not accompany the subscription, the oversubscription will be invalid. Subscriptions for Additional Common Shares immediately follow the Basic Subscription Privilege and Shareholders that validly subscribe for Additional Common Shares will receive such Additional Common Shares concurrently with the Common Shares subscribed for under the Basic Subscription Privilege.
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