The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

Karnalyte announces results of annual and special shareholder meeting

Thursday, June 20, 2013

Karnalyte announces results of annual and special shareholder meeting

17:54 EDT Thursday, June 20, 2013

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:

Nominee   For       %
Robin L. Phinney   19,123,992       98.5%
Ronald Love   16,316,926       84.0%
Bruce Townsend   16,124,666       83.0%
Paul Sharpe   19,203,270       98.9%
Ian Brown   16,113,986       82.9%
Mark Wayne   16,053,286       82.6%
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

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail App

    The New Globe and Mail App for iPhone®, iPad® and Apple Watch download

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
Other Sections