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Karnalyte Resources Inc. Issues Letter to Shareholders Warning of Threats to Value Creation From Self-Interested Individuals
Karnalyte Resources Inc. Issues Letter to Shareholders Warning of Threats to Value Creatio...
About this update from Karnalyte Resources Inc.
[{"type":"text","content":"\n\n\n\nKarnalyte Resources Inc. Issues Letter to Shareholders Warning of Threats to Value Creation From Self-Interested Individuals\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nSASKATOON, May 25, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\n\nShareholders urged to vote FOR all management nominees to the Board of Directors prior to proxy vote deadline of 9:30 a.m. (Saskatoon time) on Tuesday, June 5, 2018\n\n\n\nSASKATOON, May 25, 2018 /CNW/ - Ahead of the Annual and Special Meeting (\"AGM\") of Karnalyte Resources Inc.'s (\"Karnalyte\" or \"the Company\") (TSX:KRN) shareholders on June 7, 2018, the President of Karnalyte today issued a letter to shareholders which includes important information regarding a serious threat to the value of shareholders' investment in Karnalyte as a result of the reckless actions of a number of self-interested individuals. Shareholders are urged to review the letter and then vote FOR all management nominees to Karnalyte's Board of Directors. The letter has been mailed to registered and non-objecting beneficial Karnalyte shareholders, and is available on Karnalyte's website at www.karnalyte.com and on SEDAR at www.sedar.com.\n\nThe letter highlights the opportunity that shareholders have to turn the page to a better future for their investment in Karnalyte and to break with the Company's troubled past. In the letter, Karnalyte shareholders are also provided with the alarming facts regarding the conduct of certain shareholders who are actively seeking to take control of the Company and its Board of Directors, at the expense of other shareholders. Karnalyte has written the letter to shareholders as such shareholders are flagrantly ignoring basic corporate and securities laws, as well as long established Karnalyte corporate policies.\n\nEvidence of the transgressions of these self-interested individuals are all comprehensively documented in Karnalyte's corporate records.\n\nVote FOR all management nominees\n\nKarnalyte shareholde...