Business
Karnalyte Provides Update to Shareholders and Announces 2015 Year End Results
Karnalyte Provides Update to Shareholders and Announces 2015 Year End Results Karn...
About this update from Karnalyte Resources Inc.
[{"type":"text","content":"\n\n\n\nKarnalyte Provides Update to Shareholders and Announces 2015 Year End Results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen4{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: RIGHT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.67em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: RIGHT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbtb0{\nBORDER-BOTTOM:black 0pt\n}\n\n\n\n\n\n\nKarnalyte Provides Update to Shareholders and Announces 2015 Year End Results\nCanada NewsWire\nCALGARY, March 30, 2016\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ \n\n\n\nCALGARY, March 30, 2016 /CNW/ - Karnalyte Resources Inc. (\"Karnalyte\" or the \"Company\") (TSX: KRN) today announced its financial results and operational highlights for the year ended December 31, 2015. Robin L. Phinney, Karnalyte's founder and President, writes:\n\nGreetings Fellow Shareholders, \n\nWhen I founded Karnalyte in 2007 I had a vision for the Company – to become the world's next low cost producer of premium grade granular potash. I am proud to say that Karnalyte is on track to realize this vision. \n\nSince 2007 Karnalyte has experienced many transformative events. In 2013 Karnalyte forged a strategic partnership with Gujarat State Fertilizers and Chemicals Limited (\"GSFC\"), signing an offtake agreement (the \"Offtake Agreement\") for approximately 350,000 tonnes per year (\"tpy\") of potash from the first phase of Karnalyte's planned 625,000 tpy potash mine at Wynyard, ...