Received Statement of Claim Filed BY Former Employee
KARNALYTE RESOURCES INC.
RECEIVED STATEMENT OF CLAIM FILED BY FORMER EMPLOYEE
Saskatoon, SK (CNW–October 30 , 2017) – 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’s file number 1703-20972.
For further information, please contact:
Karnalyte Resources Inc.
1 (306) 986-1486
www.karnalyte.com