Karnalyte Resources Inc. Announces Annual & Special Meeting Voting Results
KARNALYTE.COM
TSX: KRN
KARNALYTE RESOURCES INC. ANNOUNCES ANNUAL & SPECIAL
MEETING VOTING RESULTS
Not for distribution to U.S. news wire services or dissemination in the United States.
SASKATOON, SK (CNW- June 22, 2022) – Karnalyte Resources Inc. ("Karnalyte" or the "Company")
(TSX: KRN) announced today that all nominee directors listed in the management information circular
dated May 24, 2022 were elected as directors of the Company at the annual and special meeting of the
Company’s shareholders held on June 21, 2022 (the “ Meeting”) in Saskatoon, Saskatchewan.
At the meeting, 23,414,832 shares were voted, representing 55.52% 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 18,742,236 80.25 4,610,439 19.74
APPROVAL OF UNALLOCATED STOCK OPTION PLAN
NUMBER OF SHARES
VOTED IN FAVOR
% IN
FAVOR
NUMBER OF SHARES
VOTED AGAINST % AGAINST
Unallocated Options 16,676,639 72.36 6,369,140 27.63
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
NOMINEES NUMBER OF SHARES
VOTED IN FAVOR
% IN
FAVOR
NUMBER OF SHARES
WITHHELD
%
WITHHELD
D.C. Anjaria 16,691,574 72.41 6,360,505 27.59
Derek Hoffman 19,969,164 86.63 3,082,915 13.37
Vishvesh D. Nanavaty 16,588,869 71.96 6,463,210 28.04
Dilip V. Pathakjee 16,724,935 72.55 6,327,144 27.45
Gerald Scherman 16,823,535 72.98 6,228,544 27.02
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.
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For further information, please contact:
Karnalyte Resources Inc.
1(306) 986-1486
www.karnalyte.com