CALGARY, ALBERTA--(Marketwired - May 1, 2015) - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX:KRN) responded today to the counterclaim and subsequent news release of Robin Phinney of April 29, 2015.In connection with these latest actions, Mr. Phinney also sought urgent injunctive relief. To avoid further unnecessary legal costs, the Corporation has provided an undertaking to Mr. Phinney in return for an [...]
CALGARY, ALBERTA--(Marketwired - Apr 24, 2015) - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX:KRN) announced today its response to the letter that it received on April 14, 2015 containing a series of demands from Robin L. Phinney ("Phinney"), a former CEO of the Corporation whose employment was terminated by the Board of Directors, and Gujarat State Fertilizers and Chemicals Ltd. ("GSFC"), an Indian [...]
CALGARY, ALBERTA--(Marketwired - Apr 20, 2015) - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX:KRN) announces that Mr. Martin Hall has resigned as a director of the Corporation, effective today, for personal reasons. The Board of Directors wishes to thank Mr. Hall for his contributions to Karnalyte. The Corporation also announces that Mr. Thomas Pressello, the Chief Financial Officer of the Corporation [...]
CALGARY, ALBERTA--(Marketwired - Apr 14, 2015) - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX:KRN) has commenced legal proceeding against Robin Phinney, Jean Phinney (wife of Robin Phinney) and 1385659 Alberta Ltd., a company controlled by Robin Phinney. This legal action relates to, among other things, serious alleged breaches by Robin Phinney of his past employment and termination contract with [...]
CALGARY, ALBERTA--(Marketwired - Apr 13, 2015) - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX:KRN) announced today that it has completed and filed with Canadian securities regulators its annual financial statements, management's discussion and analysis, related Chief Executive Officer and Chief Financial Officer certificates, and its annual information form, all in respect of its fiscal year ended [...]
CALGARY, ALBERTA--(Marketwired - Apr 6, 2015) - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX:KRN) announced today that on April 1, 2015 the Alberta Securities Commission granted Karnalyte's application for a management cease trade order (the "MCTO"), as contemplated by Karnalyte's news release dated March 23, 2015. The MCTO restricts all trading in securities of the Corporation, whether direct or [...]
CALGARY, ALBERTA--(Marketwired - Mar 30, 2015) - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX:KRN) announced today that the Corporation has changed the date for the annual general and special meeting of shareholders, which will now be held on Tuesday, June 23, 2015 (the "Meeting"). The Meeting will take place in Saskatoon, Saskatchewan, at the hour of 10:00 a.m. (Saskatchewan time). The record date for [...]
CALGARY, March 23, 2015 /CNW/ - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX: KRN) announced today that it anticipates it will be unable to file its annual financial statements, management's discussion and analysis, related Chief Executive Officer and Chief Financial Officer certificates, and its annual information form for its fiscal year ended December 31, 2014 (the "Required Filings") before the [...]
CALGARY, March 6, 2015 /CNW/ - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX: KRN) noted the documents issued yesterday from dissident shareholder Robin L. Phinney. Based on a preliminary review of the documents, Karnalyte notes a number of distortions, mischaracterizations and confusing statements. For example, Mr. Phinney promotes "an aggressive capital conservation strategy" on the first page of his [...]
CALGARY, Feb. 11, 2015 /CNW/ - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX: KRN) announced today that, following careful consideration and after consultation with legal counsel, its board of directors has unanimously rejected a shareholder proposal brought forth by Mr. Robin L. Phinney (the "Dissident"). The Corporation has determined that the shareholder proposal that Mr. Phinney has brought forward [...]
CALGARY, Jan. 2, 2015 /CNW/ - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX: KRN) announced today that it is in discussions in connection with obtaining financing in a targeted amount of approximately USD $700,000,000 for the development of the Wynyard Carnallite-Sylvite Project. An engagement letter was signed with an Indian financial institution in October, 2014 – well in advance of the recent [...]
CALGARY, Dec. 18, 2014 /CNW/ - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX: KRN) today announces that it has received a requisition for a meeting of shareholders from Robin L. Phinney, former President, CEO and director of Karnalyte. The requisition requests that the Board of Directors call a special meeting of Karnalyte's shareholders to consider removing from office certain of the existing [...]
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