Karnalyte Resources Inc. Announces Receipt of Statement of Claim
KARNALYTE.COM
TSX: KRN
KARNALYTE RESOURCES INC. ANNOUNCES RECEIPT OF
STATEMENT OF CLAIM
Not for distribution to U.S. news wire services or dissemination in the United States.
SASKATOON, SK (CNW- February 18, 2021) – Karnalyte Resources Inc. (“Karnalyte” or the
“Company”) (TSX: KRN) announced today that the Company has received a statement of claim (the
“Claim”) filed by Mr. Dan Brown against Karnalyte, Frank Wheatley, Mark Zachanowich, Peter Matson,
Todd Rowan, Gregory Szabo, Sanjeev Varma and Vishvesh Nanavaty (collectively, the “ Defendants”).
Among other things, Mr. Brown is seeking, among other things, a declaration that certain statements
made by the Defendants’ about the Plaintiff are false and defamatory; a written apology; a declaration
that the defendants have harassed, intimidated, and threatened the Plaintiff; damages in the amount
of $180,000 for breach of contract; general damages of $500,000; punitive, exemplary and aggravated
damages of $200,000; that the Defendants pay Mr. Brown for those monies paid by Mr. Brown for his
shares in Karnalyte; and an award of special damages, past and future loss of income, and cost of
future care.
The Company is thoroughly assessing the Statement of 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’s file
number 2001-06644.
For further information, please contact:
Karnalyte Resources Inc.
+1 (306) 986-1486
www.karnalyte.com