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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 Aug 03, 2022 9:21pm
444 Views
Post# 34870024

The numbers pretty much say it all

The numbers pretty much say it all

The company issued 11,034,135 common shares for gross proceeds of approximately $3.9-million leaving approx 2 million shares on the table  

GSFC acquired a total of 9.1 million common shares for $3,185,000

55,000 shares purchased by all other insiders raised  -  $19,250


Of the total 14,058,282  million shares available, just 1,879,135 were purchased by those  shareholders not considered non insiders raised $657,697
 

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