Karnalyte Resources Inc. today announced the successful closing of its rights offering following the expiry of the rights on December 20, 2018. Highlights Fully subscribed Rights Offering with 14,058,282 common shares issued for a total of approximately $2.3 million in proceeds Provides additional working capital for development of Proteos Nitrogen Gujarat State Fertilizer and Chemicals Limited's additional investment in [...]
Karnalyte Resources Inc. today announced its financial results and operational and corporate highlights for the third quarter ended September 30, 2018, provided an update on the status of its Wynyard Potash Project and Proteos Nitrogen Project , and announced a rights offering to its shareholders. Highlights Actively executing strategic plan to diversify into two fertilizer product lines – potash and nitrogen Potash [...]
Karnalyte Resources Inc. today provided an update on the status of its Proteos Nitrogen Project. Proteos Nitrogen Project Further to Karnalyte's press releases of July 30, 2018 and August 9, 2018 with respect to the Proteos Nitrogen Project , Karnalyte provides the following update on the status of the various aspects of development designed to explore the technical and economic viability of the Project. Mr. Frank [...]
Karnalyte Resources Inc. today announced its financial results and operational and corporate highlights for the second quarter ended June 30, 2018, and provided an update on the status of its Wynyard Potash Project and Proteos Nitrogen Project. Overview Karnalyte has made significant progress in investigating the economic and technical viability of the Proteos Nitrogen Project during the second quarter of 2018. In [...]
/STATES./ SASKATOON, July 30, 2018 /CNW/ - Karnalyte Resources Inc. today provided an update on the status of its Proteos Nitrogen Project. Proteos Nitrogen Project Karnalyte has initiated several component parts of the pre-feasibility study on the Proteos Nitrogen Project , designed to explore the technical and economic viability of the proposed project, including an invitation for expressions of interest on the [...]
Karnalyte Resources announces that all nominee directors listed in the Management Information Circular dated May 14, 2018 were elected as directors of the Company at its Annual and Special Meeting of Shareholders held on June 7, 2018 in Saskatoon, Saskatchewan. At the Meeting, 18,249,487 shares were voted, representing 64.91% of the Company's issued and outstanding common shares. The voting results for all matters brought [...]
/STATES./ – Vote now for a focus on future value creation – Proxy voting deadline is 9:30 a.m. on Tuesday, June 5, 2018 SASKATOON, June 1, 2018 /CNW/ - Karnalyte Resources Inc. today reported further voting support for all management nominees and resolutions at the upcoming Annual and Special Meeting of Karnalyte shareholders, and reminded shareholders who have not yet voted of the proxy voting deadline of 9:30 a.m. on [...]
/STATES./ Shareholders urged to vote FOR all management director nominees and resolutions prior to the proxy voting deadline of 9:30 a.m. on Tuesday, June 5, 2018 SASKATOON, May 29, 2018 /CNW/ - Karnalyte Resources Inc. today announced that Gujarat State Fertilizers & Chemicals Limited , the Company's largest shareholder, has voted its 6,045,861 shares representing 21.5% of Karnalyte's shares, FOR all management nominees [...]
/STATES./ Shareholders urged to vote FOR all management nominees to the Board of Directors prior to proxy vote deadline of 9:30 a.m. on Tuesday, June 5, 2018 SASKATOON, May 25, 2018 /CNW/ - Ahead of the Annual and Special Meeting of Karnalyte Resources Inc.'s shareholders on June 7, 2018, the President of Karnalyte today issued a letter to shareholders which includes important information regarding a serious threat to the [...]
/STATES./ SASKATOON, May 14, 2018 /CNW/ - Karnalyte Resources Inc. today outlined its updated strategic plan, together with its financial results and operational and corporate highlights for the first quarter ended March 31, 2018. Strategic Plan Karnalyte announces, after a comprehensive review of its business, operations and strategy during the first quarter of 2018, that it has updated its strategic plan and intends to [...]
/STATES./ SASKATOON, March 27, 2018 /CNW/ - Karnalyte Resources Inc. today announced its financial results and operational and corporate highlights for the year ended December 31, 2017. 2017 – The Year in Review 2017 was a challenging year for the Company, both from a potash industry perspective, as well as from a corporate perspective. Potash markets in 2017 witnessed strong global demand, with major potash producers [...]
/STATES./ SASKATOON, Feb. 5, 2018 /CNW/ - Karnalyte Resources Inc. is pleased to announce the appointment of Frank Wheatley as President of the Company, effective as of today. The Company intends for Mr. Wheatley to become the permanent Chief Executive Officer, replacing interim Chief Executive Officer W. Todd Rowan, upon the Company arranging successful financing for its Wynyard carnallite potash project located near [...]
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