• Freitag, 22 November 2024
  • 02:29 Uhr Frankfurt
  • 01:29 Uhr London
  • 20:29 Uhr New York
  • 20:29 Uhr Toronto
  • 17:29 Uhr Vancouver
  • 12:29 Uhr Sydney

Karnalyte Resources Inc. Annual and Special Meeting of Shareholders

09.06.2018  |  CNW
VOTING RESULTS

SASKATOON, June 8, 2018 - Karnalyte Resources Inc. ("Karnalyte" or "the Company") (TSX: KRN) announces that all nominee directors listed in the Management Information Circular dated May 14, 2018 were elected as directors of the Company at its Annual and Special Meeting of Shareholders (the "Meeting") held on June 7, 2018 in Saskatoon, Saskatchewan.

At the Meeting, 18,249,487 shares were voted, representing 64.91% of the Company's issued and outstanding common shares. The voting results for all matters brought forth at the Meeting are set out below.

Election of Directors

Name

Votes For

% Votes For

Votes Withheld

% Votes Withheld

Mark Zachanowich

9,697,555

55.31

7,837,010

44.69

W. Todd Rowan

9,639,041

54.97

7,895,524

45.03

Peter Matson

9,680,555

55.21

7,854,010

44.79

Gregory Szabo

9,697,555

55.31

7,837,010

44.69

Vishvesh D. Nanavaty

9,594,051

54.72

7,940,514

45.28

Sanjeev V. Varma

9,579,051

54.63

7,955,514

45.37

 

Appointment of Auditors


Votes For

% Votes For

Votes Withheld

% Votes Withheld

KPMG

10,639,021

58.30

7,610,466

41.70

 

Change of Name


Votes For

% Votes For

Votes Withheld

% Votes Withheld

Alere Chemicals & Fertilizers Inc.

10,269,286

56.27

7,980,201

43.73

 

About Karnalyte Resources Inc.

Karnalyte Resources Inc. is an advanced fertilizer development company focused on two products to be developed in Saskatchewan: potash and nitrogen. Karnalyte owns the construction ready Wynyard Potash Project, with planned Phase 1 production of 625,000 tonnes per year of high grade granular potash, and two following phases taking total production up to 2.125 million tonnes per year. Karnalyte is also pursuing the Proteos Nitrogen Project, which is a proposed nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day ammonia and approximately 1,200 metric tonnes per day urea, and a target customer market of proximate independent fertilizer wholesalers in Saskatchewan.

Forward-Looking Statements

Certain information included in this press release is forward-looking, within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "could", "estimate", "expect", "plan", "intend", "forecast", "future", "guidance", "may", "predict", "project", "should", "strategy", "target", "will" or similar words or phrases suggesting future outcomes or language suggesting an outlook.

The forward-looking statements contained in this press release are based on certain key expectations and assumptions made by Karnalyte, including, without limitation, assumptions as to: projected economics for the Company's planned potash production facility, the confirmation in a independent feasibility study of Karnalyte's assumptions regarding the technical and economic viability of the Proteos Nitrogen Project, the ability of Karnalyte to obtain financing on terms favourable to the Company, and the ability of Karnalyte to receive, in a timely manner, the necessary approvals from the Company's board of directors, shareholders, regulatory authorities, and other third parties.

Karnalyte believes the expectations and assumptions upon which the forward-looking information is based are reasonable. However, no assurance can be given that these assumptions and expectations will prove to be correct. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Without limiting the generality of the foregoing, readers are cautioned that the Company has not received a feasibility study prepared by a third party with respect to the Proteos Nitrogen Project.

Actual results may vary from the forward-looking information presented in this press release, and such variations could be material. Risk factors and uncertainties could cause actual results to vary from the forward-looking information in this press release. Additional information on forward-looking statements and other factors that could affect Karnalyte's operations and financial results are included in documents on file with Canadian securities regulatory authorities and may be accessed through the Company's profile on the SEDAR website (www.sedar.com).

These forward-looking statements are made as of the date hereof and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company assumes no obligation to update or revise them to reflect new events or circumstances.

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

SOURCE Karnalyte Resources Inc.[/wp



Contact

Frank D. Wheatley, President
[wp=2340]Karnalyte Resources Inc.

+1 (306) 986-1486
info@karnalyte.com
www.karnalyte.com

Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Karnalyte Resources Inc.
Bergbau
A1H4NP
CA4856722083
Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.