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Last €0.36 EUR
Change Today -0.005 / -1.37%
Volume 0.0
As of 2:04 AM 08/5/15 All times are local (Market data is delayed by at least 15 minutes).

karnalyte resources inc (K1N) Snapshot

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52 Week High
08/15/14 - €0.81
52 Week Low
08/5/15 - €0.36
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Average Volume 10 Days
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Current Stock Chart for KARNALYTE RESOURCES INC (K1N)

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karnalyte resources inc (K1N) Details

Karnalyte Resources Inc. explores and develops agricultural and industrial potash and magnesium products. The company intends to develop and extract a carnallite - sylvite mineral deposit. It owns a 100% interest in the Karnalyte property, which comprises subsurface permit KP 360A and subsurface mineral lease KLSA-010 covering a total of 85,126 acres of land located near Wynyard, Saskatchewan. The company was incorporated in 2007 and is headquartered in Calgary, Canada.

12 Employees
Last Reported Date: 05/13/15
Founded in 2007

karnalyte resources inc (K1N) Top Compensated Officers

Chairman and President
Total Annual Compensation: C$82.7K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: C$209.5K
Compensation as of Fiscal Year 2014.

karnalyte resources inc (K1N) Key Developments

Karnalyte Resources Inc. - Shareholder/Analyst Call

Annual general meeting

Karnalyte Resources Inc. Announces Management Changes

Karnalyte Resources Inc. announced that, in recognition of the number of shareholders who support the dissident group, and in order to avoid the time and expense of further litigation, its current directors (other than Mr. Vishvesh Nanavaty) have agreed to immediately resign and be replaced by five nominees of Robin Phinney and Gujarat State Fertilisers and Chemicals Ltd. In addition to himself, Mr. Phinney has nominated Mr. Henry Kerkhoven and Ms. Sokuen Sue Ng, while the nominees of GSFC are Mr. Sanjeev Varma and Mr. Mukund Purohit. In addition, Mr. Stephen Goodman and Mr. Tom Pressello will no longer serve as President and Chief Executive Officer and Chief Financial Officer, respectively, of Karnalyte. Robin Phinney has been appointed President and a CEO and a CFO are expected to be appointed by the new board shortly. Mr. Phinney has also withdrawn his requisition and shareholder proposal, mutual releases have been exchanged, and all litigation and complaints to regulators are being withdrawn or discontinued.

Karnalyte Resources Inc. Announces Executive Changes

Karnalyte Resources Inc. announced that Mr. Martin Hall has resigned as a director of the Corporation, effective April 20, 2015, for personal reasons. The Corporation also announced that Mr. Thomas Pressello, the Chief Financial Officer of the Corporation, has been appointed to serve as a director of the Corporation to fill the vacancy left by Mr. Hall. Mr. Pressello has been involved in corporate and commercial finance for more than twenty years and is a graduate of the Ivey School of Business, University of Western Ontario. Most recently, Mr. Pressello has worked for his own finance advisory firm, Active Hedge Capital Inc. through which he served as an advisor and CFO for several private and public companies.


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