Brief: Karnalyte Resources Reports Qtrly Loss Per Share Of $0.01

Karnalyte Resources

12/05/2020 22:25

May 12 (Reuters) - Karnalyte Resources Inc  KRN.TO :
    * KARNALYTE RESOURCES INC. ANNOUNCES 2020 FIRST QUARTER
RESULTS
    * KARNALYTE RESOURCES INC - HAD CASH OF $7.3 MILLION AND
POSITIVE
NET WORKING CAPITAL OF $6.7 MILLION AND NO DEBT
    * KARNALYTE RESOURCES INC - HAS ADEQUATE CASH TO FUND ANY
EXISTING
COMMITMENTS IN 2020 AS WELL AS TO MEET SHORT TERM OPERATING AND
CAPITAL REQUIREMENTS
    * KARNALYTE RESOURCES INC - SANJEEV VARMA RESIGNED FROM THE
BOARD
ON MAY 11, 2020 AFTER BEING REDEPLOYED IN HIS ROLE WITH
STRATEGIC PARTNER GSFC
    * KARNALYTE RESOURCES INC - QTRLY LOSS PER SHARE $0.01

Source text for Eikon:  ID:nCNWQKClra 
Further company coverage:  KRN.TO 

 ((Reuters.Briefs@thomsonreuters.com;))