Brief: Karnalyte Resources announces cessation of talks for financing for Phase I potash mine

Gujarat State Fertilizers & Chemicals

02/08/2016 15:43

Aug 2 (Reuters) - Karnalyte Resources Inc:  
    * Karnalyte Resources Inc announces cessation of 
negotiations in respect of financing for phase I potash mine and 
announces its annual meeting of shareholders 
    * Cessation of negotiations with Gujarat State Fertilizers 
And Chemicals in respect of proposed $700 million financing for 
phase i of potash mine at Wynyard 
    * Julius Brinkman, vice president of capital markets, ceased 
to be engaged by Karnalyte effective July 29, 2016 
    * GSFC have been unable to reach an agreement on certain 
fundamental terms of transaction 
 
Source text for Eikon:  ID:nCNW4DBMHa  
Further company coverage:  KRN.TO  
 
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