WESTERN POTASH CORP T.WPX

Similarities with KRN and WPX

[classicact]

MKTW) Karnalyte Resources Inc. Comments on Trading Activity

MKTW

 I expect a similar announcement and reaction with WPX, just gotta let it play out.  Over 42% up and was higher.

Karnalyte Resources Inc. Comments on Trading Activity 
CALGARY, AB--(Marketwired - February 02, 2016) - 
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. 
Karnalyte Resources Inc. ("Karnalyte" or the "Company") (TSX: KRN) comments on recent trading activity in its common shares that may stem from market rumours by acknowledging that Karnalyte's previously disclosed negotiations with Gujarat State Fertilizers and Chemicals Limited to finance the construction of Phase 1 of Karnalyte's 625,000 tpy Potash production facility at Wynyard, Saskatchewan are ongoing. There is no assurance that any transaction will be agreed upon. Until such time as it is appropriate to make a public announcement on any potential transaction, Karnalyte does not intend to make any further comment on this matter. Any announcements regarding a potential transaction will be disclosed in accordance with all applicable legal and regulatory requirements. 
About Karnalyte 
Karnalyte is engaged in the business of exploration and development of high quality agricultural and industrial potash and magnesium products. Karnalyte intends to develop and extract a carnallite-sylvite mineral deposit through a known solution mining process at competitive costs and with minimal environmental impact. Using a staged approached to potash plant construction, the Company plans to operate a solution mining facility that will initially produce 625,000 tonnes of potash per year, increasing to 2.125 million tonnes of potash per year. Karnalyte owns a 100% interest in Subsurface Permit KP 360A and Subsurface Mineral Lease KLSA-010 located near Wynyard, Saskatchewan, comprising a total of 85,126 acres. 
Karnalyte's common shares are traded on the Toronto Stock Exchange (TSX) under the symbol KRN. 
For further information, please contact: 
Karnalyte Resources Inc. 
1(306) 986-1486 
[e-mail] 
www.karnalyte.com 
(MORE TO FOLLOW) Dow Jones Newswires
February 02, 2016 14:30 ET (19:3

[businessense]

Olld post.  Karnalyte arranges phase 1 financing for potash mine   Karnalyte arranges phase 1 financing for potash mine   2016-03-14 09:10 ET - News Release   Mr. Robin Phinney reports KARNALYTE RESOURCES INC. ANNOUNCES AGREEMENT IN PRINCIPLE FOR APPROXIMATELY $700 MILLION USD IN FINANCING FOR PHASE 1 POTASH MINE AND SPIN-OUT OF SECONDARY

[classicact]

Big difference between an agreement to sit down and discuss financing and actually announcing financing has been awarded and is a reality. That's what happened to KRN, up another 80 % today. $.75 cents to $2.25 in two days. Of course this is all assuming we have as competent and as honest as the KRN executive were, having said that so far so good for WPX in these bad times for Potash. I have

[pleazu69]

Im looking for 66+% here just for starters once they finish buying back shares duck this is dragging out. I expected them to be finished by now The Company instituted a Normal Course Issuer Bid share buyback program in late October of 2015.  Management feels that overall market dynamics as well as potash industry fundamentals have contributed to downward pressure in the share price of