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

Karnalyte Resources Inc > Rights Offering

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Comment by mdjbrownon Jun 24, 2022 3:58pm

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Post# 34781264

RE:RE:RE:Rights Offering

bk, I dont think you will see anything in your account yet, as the 28th is the date of record for those holding shares.

Those rights likely wont show up in your investment account until next week. As it states 3 rights and .35 cents will be required for one common Krn share.

"The Toronto Stock Exchange reports that Karnalyte Resources Inc. will issue one right per share held on June 28, 2022, with three rights and 35 cents entitling the holder to purchase one share of the company. According to the TSX, the shares will trade ex rights at the open on June 27, 2022. At the same time, the rights will begin trading under the symbol KRN.RT and Cusip No. 485672 12 5."

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