/Not for distribution to U.S. news wire services or dissemination in the United States./
SASKATOON, June 23, 2023 - Karnalyte Resources Inc. ("Karnalyte" or the "Company") (TSX: KRN) announced today that all nominee directors listed in the management information circular dated May 18, 2023 were elected as directors of the Company at the annual meeting of the Company's shareholders held on June 22, 2023 (the "Meeting") in Saskatoon, Saskatchewan.
At the meeting, 29,631,144 shares were voted, representing 55.61% of the Company's issued and outstanding common shares. The voting results for all matters brought forth at the Meeting are set out below.
About Karnalyte Resources Inc.
Election of Directors
NOMINEES
NUMBER OF SHARES
VOTED IN FAVOR
% IN
FAVOR
NUMBER OF SHARES
WITHHELD
%
WITHHELD
D.C. Anjaria
25,962,897
88.29
3,442,780
11.71
Derek Hoffman
26,089,414
88.72
3,316,263
11.28
Vishvesh D. Nanavaty
25,968,197
88.31
3,437,480
11.69
Dilip V. Pathakjee
25,962,897
88.29
3,442,780
11.71
Ritu Malhotra
25,968,197
88.31
3,437,480
11.69
Appointment of Auditors
NUMBER OF SHARES
VOTED IN FAVOR
% IN
FAVOR
NUMBER OF SHARES
WITHHELD
%
WITHHELD
KPMG
26,518,460
89.54
3,098,515
10.46
Karnalyte Resources Inc. is a development stage company focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. Karnalyte owns the construction ready Wynyard Potash Project, with planned phase 1 production of 625,000 tonnes per year ("TPY") of high grade granular potash, and two subsequent phases of 750,000 TPY each, taking total production up to 2.125 million TPY. Karnalyte is also exploring the development of the Proteos Nitrogen Project, which is a proposed small-scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day ("MTPD") of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.
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!
