DirectorsOh boy! Phinney kicked out
Karnalyte Resources shareholders elect six directors
2017-05-09 16:00 ET - News Release
Mr. Peter Matson reports
KARNALYTE RESOURCES INC. DIRECTOR ELECTIONS
At Karnalyte Resources Inc.'s annual meeting of shareholders held on May 5, 2017, the shareholders duly passed a motion to reappoint KPMG LLP as the company's auditor. The shareholders also elected as directors of the company the following six individuals: Vishvesh Nanavaty, Sanjeev Varma, Peter Matson, W. Todd Rowan, Gregory Szabo and Mark Zachanowich. The following individuals were not elected as directors: Robin L. Phinney, Robert D. Banman and Donald A. Parfitt.
A total of 15,445,232 common shares representing 54.93 per cent of Karnalyte's issued and outstanding common shares were represented by shareholders present in person or by proxy at the meeting.
Detailed results of the vote for the election of directors held at the meeting are set out in the attached table.
Nominee Percentage Elected in favour Robin L. Phinney 45% No Vishvesh D. Nanavaty 56% Yes Sanjeev V. Varma 59% Yes Robert D. Banman 49% No Peter Matson 97% Yes Donald A. Parfitt 46% No W. Todd Rowan 97% Yes Gregory Szabo 62% Yes Mark Zachanowich 98% Yes
The company has filed a report of the results of resolutions voted on at the meeting on SEDAR.
The elected directors wish to thank the shareholders for their participation at the meeting.