Karnalyte announces results of annual and special shareholder meeting
20 Jun, 2013, 17:54 ET
CALGARY, June 20, 2013 /CNW/ - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX: KRN) confirms that all resolutions put to shareholders at Karnalyte's annual and special meeting of shareholders held on June 20, 2013 were duly passed. A total of 19,494,978 common shares representing 70.94% of Karnalyte's issued and outstanding shares were voted in connection with the meeting.
All the nominees proposed as directors were duly elected as directors of Karnalyte by a majority of the votes represented at the meeting, as follows:
|Robin L. Phinney||19,123,992||98.5%|
|Raymond C. Floyd||19,332,025||99.6%|
|Vishvesh D. Nanavaty||19,403,431||99.9%|
About Karnalyte Resources Inc.
Karnalyte is engaged in the development of high quality agricultural and industrial potash and magnesium products. Karnalyte intends to develop and extract a carnallite - sylvite mineral deposit through a known solution mining process at competitive costs and with minimal environmental impacts. Using a staged approached to potash plant construction, the Corporation plans to operate a solution mining facility that will initially produce 625,000 tonnes of potash per year, increasing to 2.125 million tonnes of potash per year. Karnalyte owns a 100% interest in Subsurface Permit KP 360A and Subsurface Mineral Lease KLSA-010 located near Wynyard, Saskatchewan, comprising a total of 85,126 acres.
SOURCE: Karnalyte Resources Inc.
For further information:
Robin Phinney, President & Chief Executive Officer
Ron Love, Executive Vice-President & Chief Financial Officer
Telephone: (403) 995-6560
E-mail: [email protected]
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