Karnalyte Resources Inc. press release
Karnalyte Resources Inc. received statement of claim filed by former employee
TSX - Toronto Stock Exchange · Potash · Magnesium · Canada
Canada NewsWire
SASKATOON, Nov. 1, 2017
SASKATOON, Nov. 1, 2017/CNW/ -Karnalyte Resources Inc.("Karnalyte" or the "Company")(TSX: KRN)announced today that the Company has received a statement of claim filed by Mr. Siu Ma, the Company's former Chief Operating Officer, in the amount of $728,750. Mr. Ma's claim is for an alleged breach of contract for the Company's failure to provide payments to Mr. Ma after he terminated the employment agreement alleging a change of control had occurred.
The Company is thoroughly assessing the claim with legal counsel and is considering all available recourse.
The full statement of claim may be accessed by reviewing the Court of Queen's Bench of Alberta'sfile number 1703-20972.
SOURCE Karnalyte Resources Inc.
View original content: http://www.newswire.ca/en/releases/archive/November2017/01/c4296.html
Karnalyte Resources Inc., 1 (306) 986-1486, info@karnalyte.com, www.karnalyte.comCopyright CNW Group 2017