Karnalyte Resources Inc. announces resignation of board member

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[{"type":"text","content":"\n\n\nCALGARY, June 30, 2014 /CNW/ - Karnalyte Resources Inc. (\"Karnalyte\" or the \"Corporation\") (TSX: KRN), announces today that Mr. Robin Phinney has resigned from the\n Corporation's board of directors effective June 27, 2014:\n\n\n\"On behalf of our board of directors and all Karnalyte employees, I wish\n to thank Robin for his significant contributions to the Corporation and\n wish him well in his future endeavors,\" stated Bruce Townsend, Chair of\n the Board of Directors of Karnalyte Resources Inc.\n\n\nAbout Karnalyte Resources Inc.\n\n\nKarnalyte is engaged in the business of exploration and development of\n high quality agricultural and industrial potash and magnesium products.\n Karnalyte intends to develop and extract a carnallite - sylvite mineral\n deposit through a known solution mining process at competitive costs\n and with minimal environmental impacts. Once financing is obtained to\n potash plant construction, the Corporation plans to operate a solution\n mining facility that will initially produce 625,000 tonnes of potash\n per year, increasing to 2.125 million tonnes of potash per year.\n Karnalyte owns a 100% interest in Subsurface Permit KP 360A and\n Subsurface Mineral Lease KLSA-010 located near Wynyard, Saskatchewan,\n comprising a total of 85,126 acres.\n\n\nSOURCE Karnalyte Resources Inc.\n\n\n\n Thomas Drolet, President & Chief Executive Officer Ron Love, Executive Vice-President Finance & Chief Financial Officer Telephone: (403) 995-6560 E-mail: [email protected] Website: www.karnalyte.com Copyright CNW Group 2014","length":2271,"tagName":"div"}]

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