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Karnalyte Resources Inc.

09:48 AM EST - Karnalyte Resources Inc. : announced that it has entered into an engagement letter pursuant to which it has engaged BNP Paribas and Natixis, New York Branch, on an exclusive basis, to act as lead arrangers for a senior secured project finance facility of up to $300 million U.S. The purpose of the Facility is to fund the construction and commissioning of the Wynyard Carnallite Project. Karnalyte Resources Inc.
shares T.RKN are trading unchanged at $7.00.