Brief: Karnalyte Resources Inc Says Determined To Seek New Board Members

Karnalyte Resources

16/01/2019 22:36

Jan 16 (Reuters) - Karnalyte Resources Inc  KRN.TO :
    * KARNALYTE RESOURCES INC. PROVIDES CORPORATE UPDATE AND
OUTLINES
PLANS FOR 2019
    * KARNALYTE RESOURCES INC - DETERMINED TO SEEK NEW BOARD
MEMBERS
    * KARNALYTE RESOURCES INC -  THREE CURRENT DIRECTORS, PETER
MATSON, GREGORY SZABO AND MARK ZACHANOWICH, HAVE AGREED TO
RESIGN EFFECTIVE IMMEDIATELY
    * KARNALYTE RESOURCES INC -  CONDUCTING AN INTERNAL
INVESTIGATION
INTO ALLEGATIONS MADE BY TWO OF RESPONDENTS IN COURT PROCEEDINGS
    * KARNALYTE RESOURCES INC - EMBARKED ON A DETAILED INTERNAL
REVIEW
OF ITS GOVERNANCE PRACTICES
    * KARNALYTE RESOURCES INC -  EXPECTS TO COMPLETE UPDATE OF
ITS
GOVERNANCE POLICIES AND PRACTICES PRIOR TO END OF Q1 OF 2019
    * KARNALYTE RESOURCES INC - EVALUATING CURRENT AND
HISTORICAL
GOVERNANCE PRACTICES, ITS CORPORATE GOVERNANCE GUIDELINES, AMONG
OTHERS
    * KARNALYTE RESOURCES INC -  EXPECT TO COMPLETE
INVESTIGATION OF
TECHNICAL AND ECONOMIC VIABILITY OF PROTEOS NITROGEN, DURING
FIRST HALF OF 2019
    * KARNALYTE RESOURCES INC - GSFC CONFIRMS IT WILL SUPPORT
STRUCTURING OF COST-EFFECTIVE FINANCING PACKAGE FOR DEVELOPMENT
OF WYNYARD POTASH

Source text for Eikon:  ID:nCNWGMgvHa 
Further company coverage:  KRN.TO 

 (Reuters.Briefs@thomsonreuters.com)