Karnalyte Resources Inc. Director Elections

SASKATOON, May 9, 2017 /CNW/ - Karnalyte Resources Inc. ("Karnalyte" or the "Company") (TSX: KRN), confirms that at Karnalyte's annual meeting of shareholders (the "Meeting") held on May 5, 2017, the shareholders duly passed a motion to reappoint KPMG LLP as the Company's auditors. The shareholders also elected as directors of the Company the following six individuals: Vishvesh Nanavaty, Sanjeev Varma, Peter Matson, W. Todd Rowan, Gregory Szabo, and Mark Zachanowich. The following individuals were not elected as directors: Robin L. Phinney, Robert D. Banman, and Donald A. Parfitt.

A total of 15,445,232 common shares representing 54.93% of Karnalyte's issued and outstanding common shares were represented by shareholders present in person or by proxy at the meeting.

Detailed results of the vote for the election of directors held at the meeting are set out below:

Nominee

% in favour

Elected

Robin L. Phinney

45%

No

Vishvesh D. Nanavaty

56%

Yes

Sanjeev V. Varma

59%

Yes

Robert D. Banman

49%

No

Peter Matson

97%

Yes

Donald A. Parfitt

46%

No

W. Todd Rowan

97%

Yes

Gregory Szabo

62%

Yes

Mark Zachanowich

98%

Yes

 

The Company has filed a report of the results of resolutions voted on at the Meeting on www.sedar.com.

The elected directors wish to thank the shareholders for their participation at the Meeting.

SOURCE Karnalyte Resources Inc.

For further information: Karnlayte Resources Inc., 1 (306) 986-1486, info@karnalyte.com, www.karnalyte.com

RELATED LINKS
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