Karnalyte Resources Inc. Announces Annua L Meeting Voting Results
KARNALYTE.COM
TSX: KRN
KARNALYTE RESOURCES INC. ANNOUNCES ANNUA L MEETING
VOTING RESULTS
Not for distribution to U.S. news wire services or dissemination in the United States.
SASKATOON, SK (CNW- June 26, 2020) – Karnalyte Resources Inc. ("Karnalyte" or the "Company")
(TSX: KRN) announced today that all nominee directors listed in the management information circular
dated May 26, 2020 were elected as directors of the Company at the annual meeting of the Company’s
shareholders held on June 26, 2020 (the “Meeting”) in Saskatoon, Saskatchewan.
At the meeting, 21,939,935 shares were voted, representing 52.02% 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
APPOINTMENT OF AUDITORS
NUMBER OF SHARES
VOTED IN FAVOR
% IN
FAVOR
NUMBER OF SHARES
WITHHELD
%
WITHHELD
KPMG 18,205,701 82.98 3,734,252 17.02
ABOUT KARNALYTE RESOURCES INC.
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.
* * * * *
NOMINEES NUMBER OF SHARES
VOTED IN FAVOR
% IN
FAVOR
NUMBER OF SHARES
WITHHELD
%
WITHHELD
Vishvesh D. Nanavaty 17,327,984 80.46 4,207,215 19.54
D.C. Anjaria 17,442,083 80.99 4,093,116 19.01
Gerald Scherman 17,448,483 81.02 4,086,716 18.98
For further information, please contact:
Danielle Favreau
CFO & Interim CEO
Karnalyte Resources Inc.
1(306) 986-1486
www.karnalyte.com