03:32 PM EST - Karnalyte Resources Inc. : announced that the Government of Saskatchewan's Ministry of Energy and Resources has approved the conversion of 16,825 acres of Karnalyte's Permit KP 360 area to a Subsurface Mineral Lease (KLSA-010). The Lease enables Karnalyte to proceed with the commercial development of potash mineral resources in the area. The remaining 68,301 acres will continue to be held by Karnalyte under Permit KP 360 and will be available for conversion into leases at appropriate future dates. Karnalyte Resources Inc.
shares T.KRN are trading up $0.77 at $11.77.
