Karnalyte Resources Inc. press release
Karnalyte announces results of annual and special shareholder meeting
TSX - Toronto Stock Exchange · Potash · Magnesium · Canada
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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, 2013were 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.
Robin Phinney, President & Chief Executive Officer Ron Love, Executive Vice-President & Chief Financial Officer Telephone: (403) 995-6560 E-mail:info@karnalyte.com Website:www.karnalyte.com
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