Karnalyte Resources Inc T.KRN

summary of lawsuits

[ohjeezuz]

patos or anyone else, would you care to summarize these lawsuits for me? It seems like this is the only separating this company from a buyout or some activist investor coming and replacing management.

[mdjbrown]

ohjeezuz, this info is all publicly available on SEDAR in recent corporate AIF / MD&A disclosure In the fourth quarter of 2017, Karnalyte received a statement of claim filed at the Court of Queen's Bench of Alberta by Mr. Siu Ma, the Company's former Executive Vice-president and Chief Operating Officer, in the amount of $728,750.   (Concluded - Judges Decision

[ohjeezuz]

Thanks mj. Lawsuits look minor in comparison to the wynyard project npv.

[mdjbrown]

you are welcome ohjeezuz Below the surface nothing has changed with the Wynyard resource, but on top there are several issues left behind by previous parties that likely need to be cleaned up before things can move forward, including concerns raised by major shareholders at: https://krnshareholders.com/ Unfortunately an updated Technical Report wont remedy some of the past issues the current